How does your model address financial, social, and environmental sustainability?
EG’s projects contribute to the sustainable development of rural and marginalized communities in Nepal. EG evaluates itself based on net social (jobs created, decreased exposure to smoke and fumes, increased educational attainment) and environmental (CO2 reduced, avoided deforestation) impact, as well as its ability to fund its own activities based on decreasing amounts of donor money.
We aim to have an immediate net-positive environmental and social impact starting in year one, and achieve financial sustainability by year five through RET-sales, consulting services, and CO2 credit monetization. Our overriding goal is not to make the most amount of money, but to have the greatest positive, financially self-sustaining impact on society over the long-term.
EG has a multi-platform business model, working at the intersection of RET suppliers, BoP women-entrepreneurs, and donors focused on issues such as energy poverty and women’s rights. RET suppliers are looking for ways to access rural areas of developing countries to distribute their product. Our model takes advantage of innovations as they arise, and connects them with markets where they make most sense.