NDLI: Microfinance: The sustainable financing system for electrification and socio-economic development of remote localities by Solar Home Systems (SHSs) in Bangladesh

Content Provider	IEEE Xplore Digital Library
Author	Kabir, M.A. Dey, H.S. Faraby, H.M.
Copyright Year	2010
Description	Author affiliation: Department of Electrical and Computer Engineering, University of California San Diego, San Diego, 92093-0021, USA (Faraby, H.M.) \|\| Department of Electrical and Electronic Engineering, Bangladesh University of Engineering and Technology, Dhaka-1000, Bangladesh (Kabir, M.A.; Dey, H.S.)
Abstract	Bangladesh is a developing country facing with acute electricity shortage. The rural communities of Bangladesh are the worst sufferers of this crisis having limited or even in many cases no access to grid electricity. Solar energy has been proven to be a very promising resource to improve the ongoing electricity shortage. This paper investigates the role of microfinance to develop a sustainable energy management system by the use of Solar Home Systems (SHSs) in the remote communities of Bangladesh. Infrastructure Development Company Limited (IDCOL) funded by international donor organizations is the pioneer of the SHS program in Bangladesh. Grameen Shakti (GS) is a leading partner organization of IDCOL in implementing the program. These partner organizations offer a number of SHS packages that include a solar panel, charge controller, battery, lamps and other accessories. But the lowest package offered by GS costs approximately US $155 whereas the per capita Gross Domestic Product (GDP) of Bangladesh is only US $621. Microfinance has been successfully utilized by the IDCOL partner organizations as a solution of this problem. From this research, it is found that the number of SHS sales has been rapidly increasing during the recent years which is an indication of the success of Microfinance based financial system. Microfinance is also playing a significant role in socio-economic development of the rural communities. Improved telecommunication, better entertainment activities, involvement of rural women in mainstream economic activities, better healthcare and mass awareness etc. are some of the outstanding achievements of this Microfinance based SHS program. This paper also shows a significant impact of SHS program in reduction of CO2 which is one of the major contributors to environmental degradation.
Starting Page	82
Ending Page	85
File Size	1032110
Page Count	4
File Format	PDF
ISBN	9781424458820
e-ISBN	9781424458844
DOI	10.1109/SYSTEMS.2010.5482477
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2010-04-05
Publisher Place	USA
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Costs Economic indicators Lamps Power generation economics Batteries Environmental economics Microfinance Socioeconomic development Solar Home System Solar energy Packaging Marketing and sales CO2 reduction Energy management
Content Type	Text
Resource Type	Article

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