Mircoloans for Clean Energy: The Perfect Fit 8/30/2010 10:09:27 AM

One-third of the world's population today has no access to any form of modern energy, relying instead on highly polluting fuels like wood and kerosene. No single solution can meet our society's future energy needs. The answer lies instead in a family of diverse energy technologies that share a common thread: they do not deplete our natural resources or destroy our environment.

Working on the premise that reliable energy is a key to fighting poverty — and that it needs to be clean — Energy in Common is a New York-based nonprofit dedicated to facilitating microloans to bring green energy to people in need.

Potential lenders begin by browsing their list of “entrepreneurs”—its term for anyone in a developing nation who needs a new source of energy for a better future. Several African street vendors are currently featured there, for example, as are a baker, a restaurant owner and various people seeking more reliable energy for home use.

Solar lanterns and clean-burning stoves are the primary energy sources being requested, with corresponding loan amounts of between USD 26 and USD 500. Listed for each individual is not just the loan amount and term, however, but also the projected reduction in emissions that will be achieved through the new energy. Lenders pick someone they'd like to help, and make the loan of their choice through the site.

Once an individual's request is fully funded, the money gets dispersed through one of EIC's trusted field partners, which also provide training and oversight. From there, the energy helps fight both emissions and poverty, enabling the individual to repay the loan over time. When that happens, the money is put back in the lender's account while the associated reduction in carbon emissions is calculated and made available to the lender in the form of carbon offsets.

AddThis Social Bookmark Button

  Related Posts (See All...)
Buy Anything and Support your Green Cause
Card Rewards Consumers for Buying Locally
NASDAQ Green Indexes
Business Incubator for Green Ideas
Interested in Buying Virtual Organic Blueberries?

  Most Popular Posts
Cool Green Business Ideas
Resell old Mannequins and make money
Silverware jewelry: A green moneymaker
Make your own Biodiesel and save big bucks
Fuel your Car with Watermelon Juice
Get Rich Recycling Shipping Containers
Sell your junk computer for big cash
The Green Seal of Approval
The business of rainwater harvesting
From trash to treasure: The Scavenger Project
For more Cool Green Products, visit our Online Store:


Help Us continue providing you with
great FREE Resources

Blog Categories:
Alternative Energy
Business & Investments
Glass, metal, rubber, etc.
Green Design
Junk Art
Renewable Resources
Reuse old stuff
Save the World

Blog Archives:
January 2019
December 2018
November 2018
October 2018
September 2018
August 2018
July 2018
June 2018
May 2018
April 2018
March 2018
February 2018
January 2018


Privacy policy | Terms of use | Bookmark Us
Copyright 2010. LivePaths.com
Design Credits