IMPACT AREA: Clean Energy

Featured companies
Proximity Finance

Proximity Finance

image descriptionMyanmar

Proximity Finance (Proximity) is a socially focused MFI in Myanmar with a loan portfolio of over $11M and more than 60,000 borrowers, 51% of whom are women and 100% of whom live in rural areas.
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Fundacion Espoir

Fundacion Espoir

image descriptionEcuador

Fundación Espoir (Espoir) is a socially focused microfinance institution (MFI) in Ecuador with a loan portfolio of over US$45M and over 48,000 borrowers, 80% of whom are women and 74% of whom live in rural areas.
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Naasakle International LLC

Naasakle International LLC

image descriptionGhana

Naasakle International LLC (Naasakle) is a family-owned, vertically integrated shea processing and marketing business founded in 2000 that operates in Ghana and the United States, utilizing a direct “picker to consumer” model to connect Ghanaian women shea pickers with global consumer markets.
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Fonkoze

Fonkoze

image descriptionHaiti

The mission of Fonkoze is to build the economic foundations for democracy by providing poor women in rural areas with access to financial services and business education.
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Transcapital

Transcapital

image descriptionMongolia

Transcapital is a small microfinance institution operating in the poor suburbs (the “ger” districts) on the outskirts of Ulaanbaatar, the capital of Mongolia.
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EcoZoom East Africa

EcoZoom East Africa

image descriptionKenya, Tanzania

EcoZoom East Africa is a for-profit social enterprise and certified B Corporation founded in 2013 in Kenya, with the goal of supplying healthy, efficient, ecofriendly products to base-of-the-pyramid consumers.
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IMON International

IMON International

image descriptionTajikistan

IMON International (IMON) is a prominent MFI in Tajikistan with a loan portfolio of over $81M and over 100,000 borrowers.
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Vision Fund Lanka

Vision Fund Lanka

image descriptionSri Lanka

Vision Fund Lanka (VF Lanka) focuses primarily on providing microfinance loans to people living in rural areas of Sri Lanka, especially women, through a group lending methodology. Since its conversion to an LLC in 2012, VF Lanka has made it a priority to strengthen management capabilities, reduce operating costs, improve efficiency, and source funding at market rates.
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MicroEnergy Credits (MEC)

MicroEnergy Credits (MEC)

image descriptionIndia, Kenya, Mongolia

MicroEnergy Credits (MEC) is a clean energy marketing and distribution company founded in 2007 that partners with financial institutions and suppliers to provide low-income households and microentrepreneurs in India, Kenya, and Mongolia with access to affordable, clean energy products like solar lights, efficient cookstoves, and water purifiers.
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Venture South

Venture South

image descriptionPhilippines

Ngosyon Pinoy Finance Corporation (NPFC), also known as Venture South, is a Small and Medium Finance Institution (SMFI) that lends primarily to Small and Medium Sized Enterprises (SMEs). Venture South is financing the “missing middle" and generating jobs for the unemployed and underemployed excluded from the formal labor market.
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DLO Haiti

DLO Haiti

image descriptionHaiti

DLO Haiti is an innovative water purification and distribution business founded in 2013 with the goal of developing a sustainable and scalable model to access clean water in Haiti.
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Tolaro Global

Tolaro Global

image descriptionBenin

Tolaro Global is a cashew nut processing business based in Parakou, a small town in Northern Benin. Founded in 2010, Tolaro sources raw cashew nuts directly from local farmers and transforms them for export.
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LOLC

Cambodia
  • MFI
Providing a variety of financial products to rural borrowers across Cambodia

LOLC (Cambodia) Plc., formerly known as “Thaneakea Phum (Cambodia) Ltd” or “TPC”, is the 5th largest microfinance institution in Cambodia with over 200,000 borrowers and a gross loan portfolio of US$270+ million. With 73 branches countrywide, LOLC has a strong presence in rural areas around Cambodia. LOLC offers two group loan products as well as a “WASH” loan utilized by customers intending to build a latrine or washroom in their home. Approximately 79% of LOLC’s borrowers are women, and 99% live in rural areas.

Learn more at LOLC’s website here.

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EcoZoom East Africa

Kenya, Tanzania
  • SGB
Providing efficient solar-powered lamps and portable, clean cookstoves to underserved customers in Kenya and Tanzania

EcoZoom East Africa is a for-profit social enterprise and certified B Corporation founded in 2013 in Kenya, with the goal of supplying healthy, efficient, ecofriendly products to base-of-the-pyramid consumers. EcoZoom designs and manufactures two main product lines — solar powered lamps and portable, clean-burning cookstoves. As EcoZoom’s goal is to serve the base of the pyramid, the company strives to maintain low operating costs in order to provide affordable, high-value energy solutions that benefit both consumers and the environment. Consequently, the company’s products are cheaper and more efficient than the competition in terms of fuel consumption (for cookstoves) and number of hours per charge (for solar lamps).

Read more about EcoZoom in our blog post here.

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MicroEnergy Credits (MEC)

India, Kenya, Mongolia
  • SGB
Providing access to affordable, clean energy products to low-income consumers in India, Kenya, and Mongolia

MicroEnergy Credits (MEC) is a clean energy marketing and distribution company founded in 2007 that partners with financial institutions and suppliers to provide low-income households and microentrepreneurs in India, Kenya, and Mongolia with access to affordable, clean energy products like solar lights, efficient cookstoves, and water purifiers. MEC addresses the energy poverty that drastically impedes social and economic growth in the developing world, particularly for women and children in rural areas. MEC’s work also reduces carbon emissions and deforestation while promoting better health and education. Since 2007, MEC has reached over 3.5 million people. In February 2017, MCE made a 24-month loan of $500,000 to MEC.

Learn more on MEC’s website here.

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Centrale du Soleil S.A. (CDS)

Mauritania
  • SGB
Providing access to safe water and electricity to rural populations.

CDS provides access to safe water and electricity to rural populations in a country that is 80% desert, where half of the population does not have access to drinking water and where access to electricity is even more limited (electrification rate is estimated at only 23,8% nationally, and is as low as 3% in rural areas). Founded in 1980, CDS focuses on solar renewable energy and constantly aims at reducing the environmental footprint of its activities. CDS also contributes to the private sector development of the country and creates formal employment in rural areas where jobs are rare.  Visit CDS’ website.

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Sunfunder

Tanzania
  • MFI
Unlocking capital for solar energy in emerging markets.

Sunfunder, a solar finance company based in San Francisco and Tanzania, unlocks capital for solar energy in emerging markets and improves the lives of those living without reliable access to electricity. Sunfunder raises capital primarily through its unique Solar Empowerment Notes, which they then use to provide inventory and working capital loans and project financing to manufacturers, distributors, and other solar energy companies to scale deployments of solar energy systems and catalyze growth in the sector. Since 2013, Sunfunder has made over 80 loans to 30 companies in Africa and Asia, amounting to $13.8 million in solar energy investments. As a result of their work, over 2.5 million people now have clean and reliable energy access, replacing kerosene and diesel. MCE Social Capital is proud to be one of the anchor investors in Sunfunder’s new $50 million “Beyond the Grid” (BTG) Solar Fund, along with the Overseas Private Investment Corporation (OPIC) and The Rockefeller Foundation. This fund will expand Sunfunder’s debt finance solutions for solar projects and companies in emerging markets, which will eventually benefit millions of men, women, and children in need of electricity. Visit Sunfunder’s website.

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