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PAST PROJECTS
e3V has been working with local entrepreneurs to develop a bundle of pioneer micro-scale, RE-based, craft processing ventures for organic produce in the mountain regions of Kumaon, Uttarakhand. To this end, the e3V team has scripted the business concept for and established a local organic produce processing company, provided the initial equity capital required for the start-up phase of the enterprise, and is in the process of executing guarantee mechanisms in partnership with a UK-based foundation and an Indian bank to provide the debt required for the scale-up of the operation. The local organic produce processing company has initiated the commercial production and sales of India’s first and only certified organic apple juice. In addition, the e3V team is working with the company to identify additional products that could be crafted by the company, and is working with partners to develop the necessary knowledge base required to develop these products in company’s facility in Uttarakhand. The Project was supported by the blue moon fund and executed in partnership with the Energy and Security Group. CHINA RURAL FINANCE
INITIATIVE, YUNNAN, CHINA The e3V team, in partnership
with the Global Environmental Institute - China and the Energy and Security
Group, identified and articulated the business concept for a local company that
invests in the development of high yield certified organic vegetable
cultivation in greenhouses owned and operated by micro-scale farmers rural
Yunnan and manages the aggregation and the sale of these vegetables to meet
rapidly growing demand in local wholesale and retail domestic and international
markets. The Initiative team
worked on identifying the opportunity, which yields socio-economic, financial,
and environmental returns to low-income partner farmers, the local communities,
and investors; structuring the opportunity into a commercial entity and
articulating the underlying business briefs that were used to raise capital for
the company; and so on. The
company was incorporated in June 2007. e3V
continues to work with the company’s management under the Entrepreneur
Incubation Program described above. The
Initiative was supported by the blue moon fund and executed in partnership with
the Global Environmental Institute – China and the Energy and Security Group. MICRO-HYDRO VENTURE FINANCE PROGRAM, WEST BENGAL, INDIAThe program was designed to increase the
application of micro-hydro technologies to meet electricity requirements of
organic tea gardens in the Darjeeling district of West Bengal and to substitute
high-carbon grid electricity and diesel generators, by fostering private
capital investment in and local bank loans for subject transactions.
The e3V team worked with the organic tea gardens in
addressing technical and financial barriers in the pre-investment phase,
designed market-based financial instruments to support bank financing for the
micro-hydro projects (MHPs), and is assisting project owners in the development
of the documentation required in support of the sales of emissions reduction
units generated by the MHPs. e3V has also developed a business plan for a
micro-hydro engineering and construction firm the meet the resulting growing
demand for MHPs in the area. e3V
has offered to provide the initial equity, incubation services, and access to
debt required to establish and grow the new firm. The Program was supported by the Foreign and Commonwealth
Office of the British Government and the blue moon fund and executed in
partnership with the Energy and Security Group. RENEWABLE ENERGY FINANCE CAPACITY BUILDING PROGRAM, ALAGOAS, BRAZILThe
Program was designed to assist organic farmers in Alagoas develop micro-credit
units that permit them to take responsibility for and control of their
financial resources and use such resources in a manner to finance renewable
energy based assets that help them realize value addition in the processing of
organic fruits. e3V
conducted train-the-trainer sessions to introduce a local organization to the
methodologies for successfully forming and incubating SHGs, worked with the
local organization to form the initial set of SHGs, and provided on-going
technical assistance to support target farmers in the creation and management
of subject SHGs. The e3V
team also designed and executed a pilot credit facility that provided small
amounts of low-cost, long-term loans to the SHGs formed under the program to
finance the purchase of solar driers. The
Program was supported by the Foreign and Commonwealth Office of the British
Government and the blue moon fund and is executed in partnership with Insituto
Eco-Engenho and the Energy and Security Group. This program is aimed at increasing
access to solar hot water systems (SHWS) for low and middle income households
in the Eastern Caribbean by increasing the capacity for financing of these
systems by the credit unions in the region while at the same time helping to
build awareness among the membership of the credit unions as to the benefits of
SHWS. Members of the e3V
team worked on the overall design of the program and had lead responsibility
for the development and execution of the training program designed to introduce
loan officers at the credit unions to the methodologies for lending for SHWS.
The Programme is supported by the Organization of American States and is
executed in partnership with the St. Lucia Cooperative League Limited, the
United Nations Industrial Development Organization, and the Energy and Security
Group. HIMALAYAN RURAL LIGHTING INITIATIVE, UTTARAKHAND, INDIAThe Initiative was designed to develop the capacity of self help groups (SHGs) to provide members credit to support the purchase of solar lanterns to meet lighting needs of income generating/augmenting activities. The e3V team worked to create awareness about solar lighting in the region, develop a credit product that enabled SHGs to include loans to support members’ purchase of solar lanterns on an installment basis, worked with the local banking network to provide capital to the SHGs that could be on-lent to their members, incubated a local company that would supply the lanterns and provide the requisite after sales service, and designed and capitalized a guarantee-backed bridge finance facility to enable the local supplier to purchase solar lanterns on credit from the supplier. The Program was supported by the Foreign and Commonwealth Office of the British Government and the blue moon fund and executed in partnership with the Energy and Security Group. |