Green Energy Loans for the Poor
Microfinance institutions in Ghana are leading efforts to bring affordable solar lighting to the poor. The Christian Rural Aid Network (CRAN) is one such institution and is aiming to provide energy loans to 20,000 people over the next 18 months.
“The success of our initial piloting showed demand is so enormous that we intend to replicate our program in many areas of Ghana,” says Dr. Patrick Agbesinyale, Executive Director of CRAN Microfinance.
CRAN is providing these energy loans with the support of Impact Energies Ghana, which delivers innovative financing, supply and distribution support to microfinance organizations.
CRAN is a Ghanaian registered, non-governmental organization that was established in 1993 to meet the needs of rural and peri-urban poor communities and individuals in the Central, Western and Volta regions of Ghana. It supports its valued clients through the provision of microfinance and social development programs, supporting basic educational infrastructure, child education sponsorship, community sensitization, training, advocacy and health and sanitation.