Developing a framework for clean energy microfinance in the Pacific
To complete a market needs and environmental assessment for RE and EE products and services in Fiji, Samoa and Vanuatu, in order to build the commitment and interest of microfinance institutions (MFIs) in funding RE/EE projects.
A follow-up project will then assist with the actual development of innovative, sustainable RE and EE loan products. Funding for this phase will be sought in the next call for proposals.
- Complete a baseline study to assess the prospects for RE and EE lending in Pacific Island Countries (PICs), specifically Vanuatu, Fiji and Samoa. The report is aimed at familiarizing microfinance experts and other stakeholders before embarking on training for MFIs on RE and EE.
- Create a training manual and conduct a training workshop for MFIs to gain basic knowledge on RE and EE and how to conduct a market needs and environmental assessment on RE and EE.
- Each MFI to complete a market needs and environmental assessment.
- Hold an in country workshop for all participating MFIs to monitor progress and assist in completing analysis of the market and environmental surveys in the 3 countries.
- Make all project information available on FDC, Microfinance Pasifika Network and REEEP websites.
- Strong MFI commitment to the funding of RE and EE projects, and the ability for them to evaluate the related risks and opportunities.
- Training of MFIs will expose 33,000 clients in over 200 communities to information on RE/EE. The multiplier effect can directly impact 200,000 people in the three countries.
- Ability to refine manuals based on MFI experience on the ground, and pass the RE/EE knowledge on to other MFIs in the Pacific region.
- There is available information gathered for a more technical phase two, which will involve MFIs developing loan products based on the surveys completed.