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Explorer After Hours #36: Financing Clean Energy for the Bottom of the Pyramid
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Date Added: 10-21-2009
Date Modified: 12-02-2009
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Microfinance After Hours Seminar Series
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November 11th After Hours presenters Ella Delio and Elizabeth Israel.On Wednesday, November 11, USAID's Microenterprise Development office held its 36th Microfinance Innovations
After Hours Seminar on the topic of "Financing Clean Energy for the Bottom of the Pyramid: A Comparison of Approaches in India and Prospects for Replication." The event was co-hosted by the Society for International Development (SID) Urban and Development Finance working groups and was moderated by Amanda O’Neil, co-chair of the Development Finance Working Group. Mathew Chandy, Senior Urban Advisor at CHF International, discussed several projects focused on improving energy efficiency and consumption practices in urban India. Specific topics included slum electrification, energy efficiency audits, waste to energy, solar energy and water harvesting. Elizabeth Israel, CEO and co-founder of GreenMicrofinance, LLC, explained how GMf uses economic leverage and environmental expertise to unify microfinance and environmental initiatives. She discussed the GMf investment vehicles and presented two case studies. Ella Delio, deputy director of the New Ventures program at the World Resources Institute, presented on the challenges of sustainable SMEs and the New Ventures approach to improving SME’s performance and linking companies with investors. She concluded with a case study example from the Himalayas.   
 
Resources related to this and previous seminars are posted at www.microLINKS.org/afterhours
 
image: headphonesClick here for a screencast of this presentation

Want to learn more about this work?
GreenMicrofinance shares their work in Honduras in December's Note from the Field. Read about it here.
 
>> Download the PowerPoint

>> Speaker Bios:

Photo of the November 11 moderator and panelists: Amanda O'Neil, Mathew Chandy, Elizabeth Israel and Ella Delio.Ella Delio is the Deputy Director of the New Ventures program at the World Resources Institute.  Prior to joining WRI, Ella led the Springboard: New England program from 2004 to 2006 at the Center for Women and Enterprise, the leading women business development agency in the US. Springboard is a program that helps facilitate investments into high-growth women-led businesses. Ella started her career at Procter & Gamble in the Philippines where she managed their Healthcare business and led special projects in the Food and Beverages business. She was also President of one of the Philippines' largest hauling companies.  It was here where she saw the important role of enterprise in economic development and decided to focus her career on working with entrepreneurs to expand their businesses. Ella received her MBA and MPA degrees from of the Harvard Business School and Harvard Kennedy School in 2004.  She received the Don K. Price Award for academic excellence and public service leadership from the Harvard Kennedy School. 

Mathew Chandy has more than 20 years of experience as a community/urban planner and architect, promoting the development of affordable housing and urban renewal.  Currently Senior Urban Advisor at CHF International, formerly CHF Field Director in India, Mathew oversees implementation of a $5 Million Gates Foundation funded project focusing on the urban poor.  Mathew also led the recently completed $3.5M USAID project on slum upgrading in Gujarat.  Prior to his appointment in India, Mathew was CHF’s Field Director in South Africa, where he managed all aspects of program implementation in Eastern Cape.  Previously, Mathew provided technical assistance to CHF’s international programs, including a microfinance and rural development program in Lebanon, a shelter construction through assisted self-help program in South Africa, a community development program in the Philippines, and an emergency winterization program in Kosovo.  His academic background, a Masters in Community Planning and a Bachelors in Architecture, directly contributes to the value of the technical assistance that he has provided these CHF programs.  Prior to CHF, Mr. Chandy served for five years as a manager and planner in the Dayton, Ohio Metropolitan Housing Authority.

Elizabeth Israel has worked in community economic development for 30 years. Seven of those years, she lived with her family in rural villages in Commonwealth of Dominica and in Nepal under the United Methodist Church, where she began her long career in microenterprise development. From these experiences have emerged the seeds for GreenMicrofinance. Elizabeth is CEO of GreenMicrofinance, LLC, an organization she co-founded in 2002 with her husband, Thomas. The firm works with Microfinance Institutions (MFI’s) to create and to promote programs which are both financially and environmentally sustainable.  Her vision is for GreenMicrofinance to lead the field of microfinance, ensuring that the principles of sustainable development are integrated into all lending policies and programs. During 2009, the GreenMicrofinance Center, a non-profit organization, was formed with the mission to address climate change and environmental justice by providing education and by sharing knowledge on 'microfinance and climate change' and 'clean energy for the poor'.

 

Publication Month 11
Publication Year 2009