Kira Without Borders: June 2008

SunPower Afrique: Bringing Sustainable Electricity to Microfinance Institutions in Togo

SunPower Afrique is a 501(c)(3) non-profit organization
aiming to power Microfinance Institutions in West Africa with solar energy. We believe that microfinance is one of the world’s most effective strategies to fight poverty; however, in West Africa, its growth is significantly constrained due to a lack of consistent access to electricity.

SunPower Afrique aims, through a pragmatic partnership between solar expertise and field experience with MFIs, to not only support existing microfinance structures and clients, but
also to create jobs and to stimulate economic development in a new industry of solar system sales, distribution and installation.

Mission: To provide reliable and renewable solar power to microfinance institutions (MFIs) in West Africa, allowing them to fight poverty more efficiently by enhancing services and achieving development goals.

With consistent electricity, MFIs can streamline operations to better manage and disburse loans, reduce overhead, maintain access to financial software programs, implement a centralized information management system and communicate with microfinance communities worldwide.

In addition, SunPower Afrique will create a ‘Solar Loan Program’ that allows MFI clients access to loans and trained local workers to install small-scale solar energy systems to increase the capacity of small businesses.

Please visit www.sunpowerafrique.org for more information or to support the project.

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Wednesday, June 4, 2008

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SunPower Afrique: Bringing Sustainable Electricity to Microfinance Institutions in Togo

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