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The Rimba Raya Biodiversity Reserve REDD Project

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Roy Solar Co., Ltd. is a leading developer and supplierof self-­‐contained rural solar systems for ruralhousehold use in developing countries. <strong>The</strong> SRY-­‐01 Kitconsists of a solar panel, power supply box and LEDbulb (very low energy consumption, only 1W) and is<strong>Project</strong> proponents intend to supply each village household andcommunity center with a Roy Solar Lighting System. Roy SolarSystems will also be used to charge the “One Laptop per Child”computers as well as the pumps for the Aquaponics Systems.Micro-­‐Credit.Microcredit is theextension of verysmall loans to poorentrepreneurs and to others living in poverty. <strong>The</strong>se individualslack collateral, steady employment, and a verifiable credit historyand therefore cannot meet even the most minimal qualificationsto gain access to traditional credit. Microcredit is a financialinnovation that is generally considered to have originated withthe Grameen Bank in Bangladesh, where it has successfullyenabled extremely impoverished people to engage in self-­employmentprojects that allow them to generate an incomeand, in many cases, begin to build wealth and exit poverty.IE hopes to provide all individuals inside the <strong>Project</strong> Zone withaccess to credit as a means to expand their livelihoods optionsand improve their socio-­‐economic status. Towards that end, IEwill develop a targeted micro-­‐credit program for <strong>Project</strong> Zonecommunities.currently regarded as one the best lighting solution for people inremote areas. <strong>The</strong> system uses NI-­‐MH (Nickel Metal Hydride)rechargeable battery instead of lead-­‐acid battery or NI-­‐CDbatterybecause of its long life, and is non toxic.One of the fundamental tenets of micro-­‐credit is the reduction ofoverhead to ensure that all credit capital reaches the individualswho truly need it. Moreover, micro-­‐credit is an extremelydelicate business model, and significant amounts of time arerequired to align micro-­‐credit programs with the nuances andneeds of local communities. Because of these considerations, IEintends to work jointly with “MBK”. MBK is featured on141

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