The microfinance institution, Evangelical Social Action Forum (ESAF), has contracted with Energizing India to provide micro-energy products for its 232,310 clients consisiting of micro-businesses and families in four provinces in south India.
Energizing India will provide clean energy products to ESAF’s clients and will establish working relationships among ESAF and various renewable energy providers.
Green Microfinance (GMF) will assist in structuring micro loans for local enterprises and for low-income consumers. The firm claims that, such microfinancing will encourage the development of affordable and efficient renewable energy systems, not only for the quarter-million ESAF clients, but throughout a network of microfinance institutions in India.
GMF noted that an estimated total of 75 million Indian families are not on the national grid, including over two-thirds of all rural families.
