CLEAN COOKING WORKING CAPITAL FUND

CLEAN COOKING WORKING CAPITAL FUND
Strengthen supply of clean cookstoves and fuels by providing affordable working
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access traditional debt.
OBJECTIVE
Context
Solution
The Global Alliance for Clean Cookstoves (Alliance) is a
public-private partnership with a mission to save lives,
improve livelihoods, empower women, and protect the environment by creating a thriving global market for clean and
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The Alliance is working with Deutsche Bank’s Community
Development Finance Group to structure a $4 million not-forQSPmU SFWPMWJOH $MFBO $PPLJOH 8PSLJOH $BQJUBM 'VOE million initial capitalization via grants followed by subsequent
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capital loans and loan guarantees to enterprises that are not
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interest rate to cover the ongoing operating costs and credit
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and the facility could include a one-year grace period for
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years, and to grow and adjust it over time based on the needs
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a market-based approach as the most sustainable way to
achieve universal adoption of clean cooking solutions in
Igniting Change: A Strategy for Universal Adoption of Clean
Cookstoves and Fuels $PPSEJOBUFE BOE QVCMJTIFE CZ UIF
Alliance, the report outlines a three-pronged strategy for
creating a strong market for clean cooking solutions including:
• Enhance
demand by understanding and motivating
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• Strengthen supply CZBUUSBDUJOHNPSFmOBODFBOEJOWFTU-
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value-chains and innovative distribution models to reach
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• Foster an enabling environment by engaging national and
Challenge
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sources of capital, such as loans or lines of credit from large
domestic and international banks, are out of reach for early
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able to secure a commercial loan, interest rates are prohibitively high and therefore restrictive to the organization’s
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Credit: Global Alliance for Clean Cookstoves
local stakeholders, building the evidence base for the
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Ranyee Chiang, Global Alliance for Clean Cookstoves
Deutsche Bank’s Community Development Finance Group
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