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Energy in Common's Person-to-Person Loans Fight Climate Change

By: Tiana Reid - Published: • References: energyincommon.org_ and springwise
Person-to-person microloaning is certainly not a new innovation in the field of international development, but what sets Energy in Common (EIC) apart is its comprehensive outlook on fighting poverty, climate change and the energy gap.

Energy in Common's loans go to anyone in a developing country needing a source of clean energy for their business -- think street vendors or restaurant owners. However, EIC's microlending can also go to those who need more reliable power for their homes, making the model quite far-reaching and brimming with possibilities.