Energy Access Relief Fund (EARF)
Environmental and Social Management Systems (ESMS) Helpdesk Implementation
CLIENT:
COLLABORATIVE LABELING AND APPLIANCE STANDARDS PROGRAM (CLASP)
YEAR:
2021 – 2023
Project Description
The EARF is a pioneering initiative that offers subordinated, unsecured, and low-cost subsidized loans to energy access companies facing liquidity challenges due to the impact of COVID-19. With a focus on smaller to mid-sized companies serving bottom-of-the-pyramid consumers, the EARF provides crucial financial support during these challenging times. The fund has allocated around 121 loans, primarily targeting amounts below $1 million, ranging from $50,000 to $2.5 million. Since its official launch in September 2021, the EARF has received over 850 applications from sub-Saharan Africa and Asia Pacific.
Assignment
Provision of technical assistance to Energy Access Relief Fund (EARF) borrowers in developing and implementing ESMS.
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