Please describe how your project has been successful and how that success is measured
Impact Energies has been successful in launching clean energy programs with MFI partners, and we currently have nearly 5000 units of solar products being distributed through our partners to the rural poor at prices that are lower than any comparable products on the market.
Impact Energies aims to not only be profitable, but also to be a social business with an equal focus on social impact as well as profitability. We aim to measure our success on three social metrics:
Number of poor customers reached:
IE expects to bring clean energy products to well over 1 million people by 2015.
Greenhouse Gas Mitigated:
Along with an increase in health, the environment also benefits from these less emissive and emissions-free technologies. These benefits are more easily quantified. Greenhouse gases are reduced by the employment of green energy technologies and are measured in metric tonnes of CO2 equivalents during the loan period. We anticipate reducing over 20,000 tons of greenhouse gases per year by 2015.
One of the key service offerings of Impact Energies is to educate people that are unaware of the benefits of clean energy through educational and marketing programs. This lack of awareness has been a key barrier to successful energy loan programs in the past. Through Microfinance partners and its own activities, IE estimates that it will educate 4 million on the benefits of energy products.
How will your project evolve over the next three years?
IE expects to have sophisticated supply chain operations in at least 4 countries by 2014. Our operations will then be based around more than fifteen MFIs and a network of over 1,000 entrepreneurs in Africa. Additionally, we forecast becoming self-sufficient in the next few years. In 2014, we will be generating positive cash flows and profit from product margin. This new reliance on earned income will allow us to scale up operations autonomously.
With this size of operations, we will be generating over $13 million USD in productivity savings in 2014. A large customer base will allow us to effectively gauge the reception of new products and to diversify risk.