5 for 5 Microfinance Initiative
Solar lights can bring life-changing results to energy impoverished communities.
Solar lighting is often a household’s first step on the energy access ladder. It also greatly reduces the risks of severe burns from kerosene lamps and brings numerous health benefits in the form of reduced indoor air pollution.
In 2020, Solar Village Project (SVP) launched a new initiative to raise $500,000 over the next 5 years (5 for 5) to support the distribution of solar lights In rural villages. Funds from this campaign will create a revolving microfinance fund to help those in the poorest regions of the world obtain solar lights. We will begin with rural villages in India, where SVP has a long track record, but spread to Africa and other developing nations over the longer term.
Clean energy lifts people out of poverty — and the cost of owning solar lights should not be a barrier for those who can least afford it. SVP’s goal is to help thousands of households and small enterprises gain access to clean energy by building a self-sustaining solar service and distribution network in rural communities.
The 5 for 5 campaign will bring more control to consumers who will be newly empowered to determine their own energy future — at an affordable cost. SVP will use cutting edge 2g and 3g enabled solar technology for remote monitoring, service and data collection. Our internet-enabled approach helps rural villagers finance the purchase, determine the amount of energy used, and know who to call if a solar light needs to be fixed.
“Before Solar Village Project came to our village we used kerosene lamps for light at night. We couldn’t charge our phones at home either. Now we have bright solar lights and we don’t have to travel to the market to charge our phones.”
Uttar Pradesh, India
The 5 for 5 microfinance initiative will help the poorest villagers obtain the development, entrepreneurial and educational benefits of solar lights for their families. Our goal is to raise $100,000 within the first year to launch this microfinance social enterprise. With your help, we can:
- Combat climate change and leapfrog dirty fossil fuel development;
- Provide up to 8 hours of extra light for education and entrepreneurial activities — including cell phone charging inside the home;
- Avoid the use of dangerous kerosene lanterns that cause lung disease and terrible burns in children, and;
- Empower those who can least afford it with the gift of clean energy that is consumer-driven.
SVP can do all of this for as little as $25 per villager for a solar lantern. Please join us in the life-saving 5 for 5 solar campaign by contributing a minimum of $25 today — the cost of a solar light!