By the end of the first year, 29 Savings and Credit Cooperatives committed to the project; among them, 207 staff have been trained; 12 received marketing support, and three are rolling out new loan products.
By the end of the first year, three entrepreneurs are building the capacity to expand their energy services.
To date, 18 tools have been developed that support the five phases of the process:
These tools will be finalised in the form of a coherent toolkit by the end of the project and will be published on the SEMA website as an open resource.
As of March 2013, 2,027 small businesses in rural Uganda and Kenya now have access to sustainable energy as a result of purchasing clean energy devices directly from financial institutions. In Uganda, financial institutions sold 302 solar units; in Kenya, financial institutions sold 68 biogas units and 1,239 solar units.
396 small businesses in rural Uganda and Kenya now have access to financing to purchase sustainable energy units. 106 energy loans have been made in Uganda and 290 in Kenya.
Conducted initial market research to identify rural energy entrepreneurs and financial institutions, including village banks and Savings and Credit Cooperatives (SACCOs), that want to expand their sustainable energy services.
Monitoring the commercial transactions between consumers, energy entrepreneurs and financial institutions; provide technical assistance to lower transaction costs (including TA for professionalisation of the business, develop (financial) products, risk management).
Preparing to scale up by conducting additional market research, defining business models and ensuring access to business finance for energy entrepreneurs and appropriate capital for partnering financial service providers.
Next step: scale up to new regions, involving additional financial institutions and energy entrepreneurs.
Future: share tools, consult with stakeholders.
Local shop selling solar lighting kits