Sustainable Business Models for MFIs to Deliver Renewable Energy

The Negros Women for Tomorrow Foundation's (NWTF) success story on achieving scale and sustainability for their solar program focuses on two aspects: demand generation through marketing and education by dedicated program officers, and product support (technical support, inventory management, returns, distribution) through partners and suppliers. NWTF’s dedicated team of solar officers orient MFI clients on the benefits of using solar, provide basic troubleshooting when needed, and contribute to portfolio growth by adding more loans.

Barry Eichengreen

Barry Eichengreen is Professor of Economics and Professor of Political Science at the University of California, Berkeley. He is a Research Associate of the National Bureau of Economic Research and Research Fellow of the Centre for Economic Policy Research. He is a fellow of the American Academy of Arts and Sciences and a columnist for Project Syndicate.

Robert Merton

Robert C. Merton is the School of Management Distinguished Professor of Finance at the Massachusetts Institute of Technology, and the John and Natty McArthur University Professor Emeritus at Harvard University. His research focuses on finance theory, including lifecycle and retirement finance, optimal portfolio selection, capital asset pricing, pricing of derivative securities, credit risk, loan guarantees, financial innovation, the dynamics of institutional change, and improving the methods of measuring and managing macro-financial systemic risk.

Nicola Armacost

Nicola Armacost is the Managing Director of Arc Finance whose mission is to link the fields of finance, energy, water, and sanitation. Arc’s financial institution partners have provided access to clean energy for over 4.5 million people in a range of countries including Afghanistan, India, Nepal, Pakistan, the Philippines, Kenya, Uganda, Ghana, Nicaragua, and Haiti. Arc’s partners offer financing for distributed solar, roof-top solar, e-vehicles and a range of other uses as well as micro and mini-grids.

Meherban Khan

Meherban Khan is the Head of Utility Companies at Agra Khan Rural Support Program in northern Pakistan. He has more than 17 years of experience in the development sector and is skilled in project and program planning, implementation, management, financial budgeting, and community-based enterprises development. He has a master’s in Economics and master’s in finance from the University of Peshawar and also has a post-graduate diploma in Project Management from Maastricht School of Management in the Netherlands.

Jamil Saripada

Jamil is a Manager in the Risk & Regulatory Practice of PwC Philippines.  He has nine years of professional experience in the areas of annual statutory audit, financial due diligence, corporate finance and valuation, risk control and compliance, and systems implementation.

Asif Cheema

Mr. Cheema started his career at Deutsche Bank Securities, New York as an Equity Research Associate in 1996. Before joining ADB, he worked in various financial institutions including J.P. Morgan Securities, New York; HSBC Investment Bank, Dubai and London; Nomura International, Dubai as Executive Director, Corporate Finance and Investment Banking. He also has worked at Alpen Capital, Dubai, and the UAE.