Results Based Financing for Pico-Solar PV: Fund Now Open

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Results Based Financing for Pico-Solar PV: Fund Now Open

TIB Development Bank and SNV Netherlands Development Organisation have announced Round 3 of the Results Based Financing (RBF) Fund for Pico-Solar PV lighting applications for the Lake and Central Zones of Tanzania. The RBF Fund is financed through Energising Development (EnDev).

The RBF Fund is focused on the application of a temporary financial product in mainstream banking that serves to assist the Private Sector in developing the market for Pico-Solar products in isolated rural areas. The € 2.2 Million RBF Fund is currently open to applications from experienced, innovative, and enthusiastic PicoSolar PV Suppliers who are dedicated to investing and developing viable distribution chains for quality pico-solar products and services to rural consumers in the Lake and Central Zone Regions of Tanzania.

The RBF Fund for Pico-Solar is open to the private sector through to close May of 2018 and is focused on the Solar Pico-PV subsector (small solar home systems, lanterns, phone chargers) with geographic area throughout the rural districts of the six (6) Lake Zone regions of Geita, Kagera, Mara, Mwanza, Shinyanga, and Simiyu and the three (3) Central Zone regions of Tabora, Singida and Dodoma. This will be achieved by providing, upon the verified proof of approved Pico-Solar PV sales to rural Lake and Central Zone Consumers, cash incentives paid to the private sector.

Applying to Round 3 of the RBF Fund The RBF Fund will be open to receiving applications as of Dec. 8th 2016 – Jan. 31st, 2017.  For full details on how to apply to Round 3 of the RBF Fund as a Pico-Solar PV Supplier of Lighting Africa approved products, please send a request for a full application package to - Tanzania Programme Manager – Energising Development (EnDev).

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TIB Development Bank

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