Guyana—EcoMicro Guyana

Client: Inter-American Development Bank

Duration: 2018-2021

Region: Latin America and the Caribbean

Country: Guyana

Solutions: Sustainable Business

Funded by the Inter-American Development Bank, DAI’s Sustainable Business Group (SBG) is working with the Guyana Institute for Private Enterprise Development (IPED) to help Guyanese small and medium enterprises grow through innovative green finance products. As part of the project, SBG has conducted a landscape assessment and market analysis across four regions of Guyana, including coastal, river, and rainforest areas to assess demand for renewable energy and energy efficiency (RE/EE) products among IPED clients. SBG surveyed a range of firms within IPED’s portfolio, including agriprocessors, retail shops, hostelry, and catering businesses to better understand financing constraints, average energy usage, and opportunities to incorporate RE/EE technologies and solutions.

SBG also developed a Technology Review that assessed the supply of RE/EE technologies within the local market. In-person insights were combined with mobile survey data collection to construct a grounded analysis of challenges for MSMEs and how an innovative green financing product could address those challenges. This interview-driven analysis included an assessment of strategic partnerships that would complement the comparative advantages of IPED and ensure alignment with national programs and objectives. The project also includes the design of a digital tool for IPED’s loan officers to screen climate risk as part of their loan underwriting process and assists IPED in developing an institutional greening policy.

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Sample Activities

  • Assist IPED and its regional branch offices to develop green loan products.
  • Design survey and train IPED loan staff to survey a range of businesses, including agri-processors, retail shops, hostelry, and catering businesses.
  • Assist businesses to responsibly finance the purchase of renewable energy generation and energy-efficient technologies, including new or upgraded refrigeration units, solar panels, and optimal insulation materials.
  • Design a digital tool for IPED’s loan officers to screen climate risk as part of their loan underwriting process and assist IPED in developing an institutional greening policy.
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