THE CHALLENGE
Financial institutions face
obstacles when they try to
lend for clean energy
OUR SOLUTION
MEC provides a suite of
services that make
clean energy finance easy
We vet clean energy products against international standards
We train financial institution staff on the advantages and specifications of each product
We work with cutting edge design companies that have innovated economic products targeted for rural markets
Our product company partners are committed to extended warrantees and reliable after sales service
All our product company partners have an excellent track record
Typical MEC partners use loan applications of no more than one page
At some partner banks, loans can be finalized without a branch visit using advanced credit scoring technology
MEC uses mobile technology to build awareness, originate loans, facilitate orders and payments, and monitor carbon emission reductions
MEC coordinates a network of local stockists who bring the clean energy products to the clients’ doorstep, building local economies and alleviating supply constraints
Local financial institution staff know their clients well, and with some training can help their communities access the clean energy solutions that serve them best
Each financial institution becomes a green bank as staff members actively advise and promote adoption of clean energy to their clients
Our local teams are trained on all products and are able to resolve product issues quickly and efficiently. Our local distribution network makes product replacements quick, maintaining a confident relationship between clients, suppliers, and financial institutions in case of a manufacturing issue.
By reaching high volumes and tracking our product installation data with our carbon tracking software, we are able to certify carbon credits in India, Kenya, and Mongolia. Money from carbon credit sales is shared with local financial institutions to help scale their clean energy programs.
MEC is the world leader in microfinance and clean energy
PEOPLE EMPOWERED WITH CLEAN ENERGY THROUGH MICROFINANCE
in annual fuel saving and expenditure
tonnes of CO2 emissions reduced
MEC is proud to be backed by leading impact investor Insitor Capital Fund
I am amazed with MEC's exceptional contribution in turning XacBank into a green bank.
Bold Magvan, CEO XacBank
“My vision for MEC is to advance clean energy across the developing world, and inspire even the richest countries to adopt climate financing solutions.”
April Allderdice, CEO
