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Using diaspora remittance channels as a financing source to facilitate haitian access to renewable energy

Apr 30, 2013

April 25, 2013. Port-au-Prince. In April 2012, a project to improve Haitians’ access to solar energy was developed by Arc Finance and funded by the Multilateral Investment Fund of the Inter-American Development Bank (MIF), with support from the Clinton Bush Haiti Fund

In partnership with SogeXpress, a Sogebank Group subsidiary specializing in transfer payments, the project allows Haitians in the Diaspora to send solar products to their families in Haiti. SogeXpress works with 12Tel agents in Florida to encourage remittance customers to ship solar lamps to their payment recipients. As only 12.5% of Haitians are electricity customers, SogeXpress and its partners are playing a pioneering role in enabling access to solar energy through this platform.

The lamps, carefully chosen for their quality and durability, are available in five models, including desk lamps and lamps with two and four bulbs (d.light S1, d.lightS250, Firefly Barefoot, Barefoot Powapack 2.5W and 5W). They are also able to recharge cell phones.

Three of the solar lamp models are available to send from the 12Tel Miami transfer offices, and are delivered directly to SogeXpress’s 57 service centers across Haiti. These portable and easy to use solar lamps produce bright light and are equipped with cell phone chargers. They are available at very affordable prices and are guaranteed for one year in Haiti. 

Following the success of and interest in this program, for nearly a year, SogeXpress has also offered customers in Haiti the opportunity to purchase these solar products directly from all its service centers. The company also recently started to implement a mobile sales program through street retailers.

Thanks to this program, over the past year, SogeXpress has helped more than 24,000 Haitians benefit from reliable and continuous access to alternative energy. Nearly 9500 children can now study at home by the light of these lamps instead of using low light from candles and kerosene lamps. At the same time, the use of the solar lamps significantly reduces daily energy expenditures.


For more information, please contant
Dominique Policard
Executive Commercial Director of Sogexpress

«June 2018»

En 2017 la inversión de Private Equity y Venture Capital superó cualquier máximo registrado: 5.000M€

Madrid, 29 de mayo 2018.- Miguel Zurita, recién nombrado presidente de la Asociación Española de Capital, Crecimiento e Inversión (ASCRI), ha presentado esta mañana los resultados de la actividad de Venture Capital & Private Equity en España en 2017 y en el primer trimestre 2018 durante la inauguración del Congreso Anual ASCRI. El evento, que ha contado con la colaboración de PwC, ICO, ICEX-Invest in Spain, Cofides y la Fundación Rafael del Pino, ha sido presentado por Irene Garrido, Secretaria de Estado de Economía y Apoyo a la Empresa. Han participado también Piel Luigi Gilibert, Chif Executive del European Investment Fund (FEI), fondos de venture capital internacionales como Atomico o Rakuten y casos de éxito como Volotea, Keraben o Grupo Eugin.
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ASCRI and BID-FOMIN sign a collaboration agreement with The Venture Capital & Private Equity Associations in France, Chile, Mexico, Argentina And Colombia

30 May 2018 . The Spanish Venture Capital & Private Equity Association (ASCRI), at its annual Conference held on 29 May, signed an agreement with BID-FOMIN and the Venture Capital & Private Equity Associations in France, Chile, Mexico, Argentina and Colombia. The objective of this alliance is to build bridges between both continents to promote bilateral investments, strengthen the business ecosystem and develop an information exchange platform.

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