Total loan: $50,000
Tanintharyi, Tanintharyi Region, Myanmar (Burma) / Services
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Techno-Hill's loan finished fundraising,
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A loan helped To provide solar energy to 2,250 beneficiaries in rural Myanmar.
Problem On the 800+ remote islands of Tanintharyi state in Southern Myanmar, over 80,000 households still lack access to electricity from the national grid and have to rely on polluting diesel generators. Since the military coup in February 2021, fuel prices have escalated (up by ~20%) and the need for renewable energy is even stronger. Solution Techno-Hill is a pioneering solar micro-grid developer in Myanmar. Since 2017, the company has implemented 13 micro-grid projects and provided 24/7 clean energy to over 6,600 households. The electricity provided is 3x cheaper than diesel powered options, making Techno-Hill’s solution particularly vital during this crisis. Cheaper electricity allows kids to study at night, fishermen to run freezers to better conserve fish, and households to cook without burning wood. Additionally, in each village where it operates, Techno-Hill provides free-of-charge electricity for streetlights, schools, and hospitals that can then operate during night time. Loan Use & Impact Techno-Hill is founded and lead by a woman entrepreneur and the company is looking for a $50,000 loan to complete 2 micro-grid projects in rural Myanmar. These 60kW systems will energize 2,250 people and avoid over 200 tons of CO2 per year. Most importantly, this relief funding will help the company to deliver crucial energy access to their beneficiaries during these dramatic times.