Knowledge fuels change - Support energypedia!
For over 10 years, energypedia has been connecting energy experts around the world — helping them share knowledge, learn from each other, and accelerate the global energy transition.
Today, we ask for your support to keep this platform free and accessible to all.
Even a small contribution makes a big difference! If just 10–20% of our 60,000+ monthly visitors donated the equivalent of a cup of coffee — €5 — Energypedia would be fully funded for a whole year.
Is the knowledge you’ve gained through Energypedia this year worth €5 or more?
Your donation keeps the platform running, helps us create new knowledge products, and contributes directly to achieving SDG 7.
Thank you for your support, your donation, big or small, truly matters!
Difference between revisions of "Women and Youths Take Off"
From energypedia
***** (***** | *****) |
***** (***** | *****) |
||
| Line 3: | Line 3: | ||
|GBE organisation=Social Ecological Management Fund (SEM Fund) | |GBE organisation=Social Ecological Management Fund (SEM Fund) | ||
|GBE date start=May 2022 | |GBE date start=May 2022 | ||
| − | |GBE date end= | + | |GBE date end=September 2023 |
|GBE project description=The non-governmental organisation SEM Fund enables young people and women to start their own businesses with the help of renewable energies. The project targets 17 women’s groups and 19 youth associations that are active in the town of Nguidjilone and its surroundings, which belong to the Matam region. 1,800 people benefit directly from the project, with their families benefitting indirectly. The SEM Fund’s strategy is to (1) facilitate access to 26 productive solar PV systems as well as 668 solar home systems for domestic use, (2) support 26 small businesses including on employment creation and training, and finally (3) raise awareness among the general population about the importance of gender equality and women’s economic independence. To achieve these goals, SEM Fund enables the selected groups to purchase solar-powered equipment for entrepreneurial activities as well as solar home systems for private use via a layered financing structure. As soon as the party interested in purchasing an asset has paid an upfront sum of 10% of the total investment costs, they receive a 90% loan to be repaid over 18–24 months. The 90% are split in a 50% loan covered by SEM Fund and a supplier credit of 40% that both are handled by a local microfinance institution. | |GBE project description=The non-governmental organisation SEM Fund enables young people and women to start their own businesses with the help of renewable energies. The project targets 17 women’s groups and 19 youth associations that are active in the town of Nguidjilone and its surroundings, which belong to the Matam region. 1,800 people benefit directly from the project, with their families benefitting indirectly. The SEM Fund’s strategy is to (1) facilitate access to 26 productive solar PV systems as well as 668 solar home systems for domestic use, (2) support 26 small businesses including on employment creation and training, and finally (3) raise awareness among the general population about the importance of gender equality and women’s economic independence. To achieve these goals, SEM Fund enables the selected groups to purchase solar-powered equipment for entrepreneurial activities as well as solar home systems for private use via a layered financing structure. As soon as the party interested in purchasing an asset has paid an upfront sum of 10% of the total investment costs, they receive a 90% loan to be repaid over 18–24 months. The 90% are split in a 50% loan covered by SEM Fund and a supplier credit of 40% that both are handled by a local microfinance institution. | ||
Revision as of 14:29, 18 September 2023
Women and Youths Take Off
Last edit made by Helen Mengs on 2024-05-14. This is a wiki, do not hesitate to update information by clicking on "Edit with form".
Key Data
Organisation
Social Ecological Management Fund (SEM Fund)
Duration
May 2022 - September 2023
Project Description
The non-governmental organisation SEM Fund enables young people and women to start their own businesses with the help of renewable energies. The project targets 17 women’s groups and 19 youth associations that are active in the town of Nguidjilone and its surroundings, which belong to the Matam region. 1,800 people benefit directly from the project, with their families benefitting indirectly. The SEM Fund’s strategy is to (1) facilitate access to 26 productive solar PV systems as well as 668 solar home systems for domestic use, (2) support 26 small businesses including on employment creation and training, and finally (3) raise awareness among the general population about the importance of gender equality and women’s economic independence. To achieve these goals, SEM Fund enables the selected groups to purchase solar-powered equipment for entrepreneurial activities as well as solar home systems for private use via a layered financing structure. As soon as the party interested in purchasing an asset has paid an upfront sum of 10% of the total investment costs, they receive a 90% loan to be repaid over 18–24 months. The 90% are split in a 50% loan covered by SEM Fund and a supplier credit of 40% that both are handled by a local microfinance institution.
GBE Component
Small Projects Fund
Categories
- Financing
- Gender
Factsheet
Location
Country SPF
Senegal
Geographic coordinates of project site
15° 0' 10.37" N, 13° 55' 26.44" W
Latitude Longitude
