Solar Microcredit, or how to facilitate access to electricity in rural areas: an example in Burkina Faso

Abstract

This article presents the “Solar Microcredit in Burkina Faso” program of the Fondation Energies pour le Monde (Fondem) which enables electrification by solar kits through microfinance. This innovative program relies on pairing subsidies, covering 40 to 50 % of the investment, and microcredit. It helps satisfy local demand by overcoming the barrier posed by the limited payment capabilities of rural and peri-urban customers.

Keywords

• microcredit
• solar kit
• electricity
• Burkina Faso
• development