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| | Rapporteur: '''Austin Cappon''' | | Rapporteur: '''Austin Cappon''' |
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| − | == Main Issues Discussed == | + | == Issues Presented == |
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| − | · Financing rural home lighting
| + | <span style="color: rgb(139, 45, 45); font-size: 12px; line-height: 21px;">► </span><span style="font-size: 12px; line-height: 21px;">Please see the presentation.</span> |
| − | | + | *Financing rural home lighting |
| − | o This has been facilitated by a change in the govt approach to finacning,
| + | **This has been facilitated by a change in the govt approach to finacning, |
| − | | + | **Case Study: Girls Hostels |
| − | · Case Study: Girls Hostels
| + | *Many islands lack grid connectivity |
| − | | + | **Rather rely on gas lamps |
| − | o Many islands lack grid connectivity
| + | ***Solar Led was the propoesd solution |
| − | | + | ***Needed financing 30% as loan and 50% grant. |
| − | § Rather rely on gas lamps
| + | *Remaing balance was split (see slide 5) |
| − | | + | *RIF = Rural Innovation Fund |
| − | o Solar Led was the propoesd solution
| + | **Case study: Charging stations |
| − | | + | ***40 charging stations wuld be set up and 2000 families covered in total |
| − | o Needed financing 30% as loan and 50% grant.
| + | ***Only 250 families came to be covered in total |
| − | | + | ***They didn’t like LEDs but rather CFLs |
| − | § Remaing balance was split (see slide 5)
| + | ***So the govt came to contact Nabard (Satish’s Group) and they had to change their approach |
| − | | + | ***93% of stations are functional |
| − | o RIF = Rural Innovation Fund
| + | *Loans serviced regularlly, no issues with repayment |
| − | | + | *Effective Community Participation Needed<br/> |
| − | · Case study: Charging stations
| + | *“People are ready for group financinal projects, but not physical projects”<br/> |
| − | | + | *Loan Portion of all cases is at market values (15%) which is not subsidized<br/> |
| − | o 40 charging stations wuld be set up and 2000 families covered in total
| + | *More Field evaluation is needed<br/> |
| − | | + | |
| − | o Only 250 families came to be covered in total
| + | |
| − | | + | |
| − | § They didn’t like LEDs but rather CFLs
| + | |
| − | | + | |
| − | § So the govt came to contact Nabard (Satish’s Group) and they had to change their approach
| + | |
| − | | + | |
| − | § 93% of stations are functional
| + | |
| − | | + | |
| − | § Loans serviced regularlly, no issues with repayment
| + | |
| − | | + | |
| − | · Effective Community Participation Needed
| + | |
| − | | + | |
| − | · “People are ready for group financinal projects, but not physical projects”
| + | |
| − | | + | |
| − | · Loan Portion of all cases is at market values (15%) which is not subsidized
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| − | | + | |
| − | · More Field evaluation is needed,
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| − | | + | |
| − | o Project reports
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| − | | + | |
| − | o Field evidences
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| − | | + | |
| − | o Need for more evaluation with all three cases
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| | <br/> | | <br/> |
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| − | In some cases in rural India, “People are ready for group financinal projects, but not physical projects”
| + | == Q & A == |
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| − | <br/>
| + | 1. Big and small micro finance: How to motivate each: |
| − | | + | *Local field level organizations are the “superman” or group that was capable of motivating |
| − | == Questions Posed ==
| + | |
| − | | + | |
| − | u Big and small micro finance: How to motivate each:
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| − | | + | |
| − | '''Natalia''':
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| − | | + | |
| − | o Fondeserco: For Negotiating with funders for favorable conditions of loans, particularly if able to convince with enviro concerns.
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| − | | + | |
| − | § Want to be leaders; marketing comes into play
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| − | | + | |
| − | o Caja (larger): More difficult as they received money from govt.
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| − | | + | |
| − | § In the case it was a “champion” who was willing to come forward and assume the role as the player who was willing to connect players
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| − | | + | |
| − | '''Satish:'''
| + | |
| − | | + | |
| − | o Local field level organizations are the “superman” or group that was capable of motivating
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| − | | + | |
| − | Silva
| + | |
| − | | + | |
| − | '''Silva:'''
| + | |
| − | | + | |
| − | o Risk mitigation to drive down interests rates; many of the micro finance groups are charging 30% interests rates.
| + | |
| − | | + | |
| − | o His university is receiving a large PV installation with good interest rate
| + | |
| − | | + | |
| − | u How far can you get to that 1.3 Billion number with subsidized funding offers
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| − | | + | |
| − | o Natalia:
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| − | | + | |
| − | § How can suppliers are financial institutions partner in a preferable way?
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| − | | + | |
| − | § It’s a process… organizations have to demonstrate the viability of the model to one another
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| − | | + | |
| − | o Satish
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| − | | + | |
| − | § In the case with 10% grants, the govt. seems to be willing to pay if it provides ample utility to the poorest of the poor. Interested in the social building.
| + | |
| − | | + | |
| − | o Audience Member (Hasna Khan)
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| − | | + | |
| − | § The subsidies are vital in the early stages, but eventually there have to be profits realized by all groups, takes time
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| − | | + | |
| − | u Bundling of users seems to be a strategy to reduce risk
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| − | | + | |
| − | o Natalia
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| − | | + | |
| − | § People are not interested in having to wait for other people to have to come on board to get something (like a solar heater)
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| − | § Consequently they end up paying high interest rates (3% monthly!)
| + | 2. How far can you get to that 1.3 Billion number with subsidized funding offers |
| | + | *In the case with 10% grants, the govt. seems to be willing to pay if it provides ample utility to the poorest of the poor. Interested in the social building. |
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| | <span style="line-height: 20.400001525878906px;"><references /></span><br/> | | <span style="line-height: 20.400001525878906px;"><references /></span><br/> |
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| − | <span style="line-height: 20.400001525878906px;">__NOEDITSECTION__
| + | __NOEDITSECTION__ |
| − | </span>
| + | __NOTOC__ |
| | + | __NOTITLE__ |
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| | + | [[Category:Conference_Documentation]] |
| | + | [[Category:India]] |
| | + | [[Category:Lighting]] |
| | + | [[Category:Solar_Home_Systems_(SHS)]] |
| | + | [[Category:Microfinance]] |
| | [[Category:Solar]] | | [[Category:Solar]] |
| − | [[Category:Microfinance]]
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| − | [[Category:Solar_Home_Systems_(SHS)]]
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| − | [[Category:Lighting]]
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| − | [[Category:India]]
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| − | [[Category:Conference_Documentation]]
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1. Big and small micro finance: How to motivate each:
2. How far can you get to that 1.3 Billion number with subsidized funding offers
