Women are considered bankable investors and usually have a higher credit repayment rate. PIND’s partnership with ETIN Power provided grant support towards establishing their business case. This further paved the way for the company to access an innovative equipment lease facility required to finance their project in Edo State.
In addition, ETIN power also benefited from PIND’s technical assistance facility, which includes business mentoring, advisory services, and community engagement support. The female founder’s belief inspires the company’s work in the Niger Delta in the power of energy to transform lives and create profitability for women-owned rural businesses following the well-known Solar Mama business model27.
This is consistent with PIND’s A2E programming around gender and social inclusion, which aims for equal access and participation. The support for ETIN Power as a majority women-managed project is a milestone within PIND’s efforts to advance the SDGs.
