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- Energy in Common (EIC) was a not-for-profit organization issuing microloans specifically and only for renewable energy technologies. EIC was founded by Hugh Whalan and Scott Tudman in 2009 (website launch 2010). It has the very ambitious goal of delivering renewable energy to 15 million people in the next five years, while fighting poverty by empowering developing world entrepreneurs through microloans. EIC represents one of the most promising contenders in the growing green microfinance sector. As of 2012, it has ceased operations due to a lack of funds after their overseas partners defaulted on their loan obligations. EIC operates very similarly to Kiva. In the case of Kiva, lenders provide funds with zero return expected to developing world entrepreneurs to invest in their businesses (typical loans are for things like seeds for farming). EIC does this as well, but specifically focuses on purchasing renewable energy systems like solar photovoltaic panels. What makes EIC particularly unique in the microfinance non-profit sector is that they have created a model to measure the greenhouse gas emission reductions that are created by their loans. The EIC model helps provide funding to developing world entrepreneurs for energy solutions and also helps to channel additional funding into mitigating climate change. (en)
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- 11870 (xsd:nonNegativeInteger)
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- Economic development (en)
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- *Scott Tudman
*Hugh Whalan (en)
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- (en)
- Energy in Common (en)
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- Energy in Common (EIC) was a not-for-profit organization issuing microloans specifically and only for renewable energy technologies. EIC was founded by Hugh Whalan and Scott Tudman in 2009 (website launch 2010). It has the very ambitious goal of delivering renewable energy to 15 million people in the next five years, while fighting poverty by empowering developing world entrepreneurs through microloans. EIC represents one of the most promising contenders in the growing green microfinance sector. As of 2012, it has ceased operations due to a lack of funds after their overseas partners defaulted on their loan obligations. (en)
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- Energy in Common (en)
- (also known as energyincommon.org) (en)
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