Financing to Off-grid solar PV products has been available for consumers through selected Micro Finance Institutions (MFIs) in many of the regions in Ethiopia. These MFIs have had access to finance from the Development Bank of Ethiopia (DBE) which is specifically allocated for rural consumers to adopt off-grid solar products. The DBE financing has actually helped the adoption of off-grid solar lighting products by rural consumers. This guide gathers information about the legal framework and existing practices of Sharia-compliant lending and identifies Sharia-compliant lending options for off-grid solar PV products and the expansion of the DBE finance facility to potential end-users of off-grid solar PV products.
Sharia Compliant Financing for Off-Grid PV Products