FINANCING OF RENEWABLE ENERGY BY MICROFINANCE: CASE STUDIES FROM BANGLADESH, INDIA AND AFRICA

Nirjhar Nigam, ICN Artem Business School, Centre Européen de Recherche en Economie Financière et Gestion- Le Laboratoire de recherche en gestion et économie (CEREFIGE), France
Cristiane Benetti, ICN Artem Business School, Centre Européen de Recherche en Economie Financière et Gestion- Le Laboratoire de recherche en gestion et économie (CEREFIGE), France
Sondes Mbarek, IMT Business School, France
Khodor Shatila, ICN Artem Business School, France
Published in

 INTERNATIONAL JOURNAL OF BUSINESS RESEARCH
Volume 24, Issue 2, p5-11, December 2024

ABSTRACT

In this paper, we highlight the importance of microfinancing for the expansion of solar energy products. The potential of microfinancing for the expansion of renewable energy has not yet been fully realized. The goal of this paper is to summarize the research findings of successful implementation of solar energy products from Bangladesh, India and Africa. The cases demonstrate that microfinancing not only helps in energy access but also alleviates poverty by diversifying income sources and escalating societal benefits (health, education) shielding the vulnerable from unprecedented crisis. The role of Government and favorable policies also plays key role.

Keywords

Microfinancing; Solar energy; Policies; Loans; Climate change; sustainable development.


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