July 13, 2009
 ■  Solar-aid, fighting climate change and global poverty

SolarAid is an innovative enterprise that aims to combat two of the major threats that humanity faces today; climate change and global poverty. They do so by providing clean renewable energy to the poorest people in the world. According to SolarAid about 2 billion people have no access to electricity-they rely on burning kerosene and wood which are highly toxic and expensive. SolarAid aims to replace these carbon-emitting products with solar power which is more economical and environmental friendly. Their projects include 1) Sunnymoney Micro-franchising (training microentrepreneurs in Kenya to assemble/repair and sell solar products that would reduce their dependency on harmful and expensive kerosene. 2) Solar powered water pumps- this project will test a new solar powered water pump, that will allow families to access clean water for drinking, washing and irrigation 3) electrifying Malawi communities with solar energy.
Although SolarAid is a relatively new venture it is worth keeping an eye on as they are in one of the most interesting areas tackling both poverty and renewable energy.

Posted by microfinance : July 13, 2009 10:59 PM

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