LOANS WITH POWER

Energy in Common - GSBI™ Class of 2010

Headquarters: United States Problem Statement:

Established: 2009 2.4 billion people in the world lack access to modern energy.
Extending simple micro-energy technologies to these people is dif-
Impact Areas: Africa and Asia ficult because they are hard to reach and many are unable to afford
Type: Hybrid the upfront cost of even a $10 LED lamp, despite the fact that lamp
would pay for itself within a few months. Microfinance reaches 150
Sectors: Clean Tech & Energy, million of these people and represents an exciting way to increase af-
Microfinance fordability and accessibility through the provision of energy loans.
Staff Size: 8 and 2 Volunteers
Annual Budget: $55,000
Major Funders: Royal Society
of the Arts, individual donors
Awards: Catalyst fund awardee
from the Royal Society of the
Arts

Theory of Change:
Energy in Common works with
MFIs as a solutions provider,
connecting them to energy
companies and sources of capital
to enable the scale up of energy
loan programs, which increases
the affordability of green energy
devices for the poor.

Solution:
Energy in Common delivers packaged micro-energy loan solu-
tions to microfinance institutions (MFI) which increase profits
and reduce risks for MFIs, leading to energy loans being made
available to the poor in a way which is far more accessible than
alternatives that exist today.

“EIC has developed a model which can profitably use market forces to bring micro-energy to
millions of poor household in developing countries.” - Hugh Whalan, CEO

| www.energyincommon.org | hwhalan@energyincommon.org | +1 315 283 5322 |

 LOANS WITH POWER

Milestones Achieved: Impact to Date:

2009: Started pilot loans • $15,000 of pilot loans through 4 MFIs in Ghana and
Tanzania
2010: Launched innovative website • Average of 6.3 people benefiting from each loan
giving EIC access to 0% debt financ- • An average of 0.4 metric tonnes of CO2 emission reductions
ing per year per loan
• 79% of EIC loans have been made to women
2010 - Worked with 4 MFIs and 3
energy companies
Annual Budget
vs. Outcomes:
Growth Plan:
2011: Work with 3 MFI partners; fund
$1.2M in loans
2012: Work with 6 MFI partners; fund
$6.0M in loans
2013: Work with 10 MFI partners;
fund $12.4M in loans
2014: Work with 14 MFI partners;
fund $21.2M in loans
2015: Work with 20 MFI partners; Cost per Successful Outcome:
fund $38.4M in loans $69

We want to reach 2.4 million people

in Africa and Asia and disburse $79
million in debt from the global capital
markets towards energy loans.

“Energy in Common has enabled us

to understand the value of energy
loans and to meet a desperate need
for our clients. We hope to signifi-
cantly expand the program.” Investment Required:
- Patrick Agbesinyale $500,000 in equity in early 2011 and an additional $500,000
Executive Director of CRAN once our pilot is complete in order to scale the business.

This profile was developed during the 2010 Global Social Benefit Incubator™, the signature program of
Santa Clara University’s Center for Science, Technology and Society.
Updated 8/26/2010. www.scu.edu/sts/gsbi

| www.energyincommon.org | hwhalan@energyincommon.org | +1 315 283 5322 |