MICRO ENTERPRISES SUPPORT PROGRAMME TRUST

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Results Based Financing Project

 

Results Based Finance Facilities (RBF) for

“Clean Cookstoves Market Acceleration Project (Cookstove RBF Project)"&

"Building Sustainable and Affordable Credit Lines

for Small Solar Systems in Rural Areas (Solar RBF Project)”

Application on a rolling basis!                                                                                                                                                   Deadline: 30 June 2018

 

Background

 

Micro Enterprises Support Programme Trust (MESPT) is implementing two DFID funded Results Based Financing (RBF) projects hosted by Deutsche Gesellschaft fuer Internationale Zusammenarbeit (GIZ) and Netherlands Development Organization (SNV). These RBF projects are integrated into Energising Development Kenya Country Programme (EnDev Kenya) which is part of the Global Energising Development Programme (EnDev). The RBF facility provides financial incentives to private sector beneficiaries after delivery and verification of pre-agreed objectives and results. The RBF facility in Kenya has been operational since 2014 and will be closed in June 2019. Applications are received on a rolling basis.

The goal of the RBF is “to overcome market failures constraining private sector delivery of distributed renewable energy systems providing modern energy services to the poor”. The financial incentives are therefore a temporary measure aimed at transforming the market and lifting it into an efficient and self-sustaining level through mitigation of market and growth barriers. The key feature is payment of incentives upon delivery of pre-agreed results.

 

Brief overview of the two RBF projects

 

Solar RBF Project: This project provides incentives to private sector player facilitating access the end users to access small solar systems through flexible credit payment solutions such as loans, pay-as-you-go (PAYG) or instalment payment. The recipients of the Solar RBF incentives (direct beneficiaries) are:

  • Micro Finance Institutions (MFIs),
  • Savings and Credit Cooperative Societies (SACCOs)
  • Manufacturers and Distributors of solar products providing flexible financing

Cookstove RBF Project: This project provides incentives to private sector players to increase access to modern cookstoves through mitigation of distribution, awareness and marketing barriers. The project is targeting both credit and cash delivery business models. The recipients of the cookstove RBF incentives (direct beneficiaries) are:

  • Micro Finance Institutions (MFIs),
  • Savings and Credit Cooperative Societies (SACCOs)
  • Manufacturers and Distributors of cookstoves products providing direct or indirect access to end
  • ASCAs - Accumulating Savings and Credit
  • ROSCAs - Rotating Savings and Credit
  • FSAs - Financial Services
  • GSLAs - Group Savings and Loan
  • SHGs - Self-help
  • TBGs - Table Banking Groups

 

The Call for Applications for the 2018 RBF participation closes on 30th June 2018. For more information please click this link and got to financial services https://mespt.org/2017-03-24-07-59-33/2016-11-05-06-51-52. You can reach us on 0735333154/0722207905/ This email address is being protected from spambots. You need JavaScript enabled to view it./This email address is being protected from spambots. You need JavaScript enabled to view it.