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Renewable Energy Microfinance & Microenterprise Program (REMMP)


Period
-

Implementing agencies
Arc Finance

African partners
Private sector

Names of African partners involved
Solarnow (Uganda) Mamamikes (Kenya)

Donor involvement (incl. IOs)
Single donor, Bilaterals involved

Names of donors involved (incl. IOs
USAID

Geographical scope
Country

Countries where active

Sectors
Renewables, Electricity, Cooking Energy

Sub Sectors (Electricity)
Stand-alone off-grid

Type of intervention
Operative program / delivery mechanism (downstream)

Type of technical assistance
Dialogue and networking, Project preparation / implementation, Skill development / training

Gender focus
No

Climate focus
Yes

Type of financing
Grant

Main objectives
REMMP is improving access to modern energy services in underserved communities by: - Demonstrating the commercial viability of a range of consumer payment models - Facilitating investment for clean energy financing - Improving the capacity of the private sector to finance clean energy - Documenting and disseminating knowledge generated through REMMP

Main activities
Technical Assistance for project partners (including microfinance institutions (MFIs), asset finance companies, money transfer companies and energy enterprises) with a focus on business model and product development, facilitation of public sector partnerships, impact evaluation, and investor engagement. Catalytic Grants that target specific project-critical capacity and capital requirements that are necessary to advance core project objectives. These grants are tailored to the specific need and stage of development of the partner. Knowledge Building through monitoring, documenting and promoting key lessons and best practices. The aim is to cultivate interest in rural energy finance among a broader audience of practitioners, investors and donors. REMMP makes expertise and information available on the latest developments in these quickly growing fields through publications as well as events.

Comments

Sources
http://arcfinance.org/projects/remmp/

Contact information
Pam Baldinger, Senior Energy and Environment Program Analyst pbaldinger@usaid.gov

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