Innovative Program Launched in India to Finance Clean Micro Energy Technologies

Energizing India(TM) to Provide Micro-Loans for Clean Technologies
That Will Drive Sustainable, Clean Energy Solutions in India
BOSTON--(Business Wire)--
Green Microfinance (GMf(TM)), located near Valley Forge,
Pennsylvania, and MicroEnergy International (ME) of Germany announced
the launch of Energizing India(TM) at the recent 2008 AAAS Annual
Meeting.

The microfinance institution, Evangelical Social Action Forum
(ESAF), has contracted with Energizing India(TM) in its endeavor to
provide micro energy products for its 232,310 clients
(micro-businesses and families) in four Provinces in south India.
Energizing India(TM) will provide clean energy products to ESAF's
clients and will establish working relationships among ESAF and
various renewable energy providers.

GMf(TM) will assist in structuring micro loans for local
enterprises and for low-income consumers. Such micro-financing will
encourage the development of affordable and efficient renewable energy
systems, not only for the quarter-million ESAF clients, but throughout
a network of microfinance institutions in India.

An estimated total of 75 million Indian families are not on the
national grid, including over two-thirds of all rural families. Rural
families buy kerosene for lighting and gather and/or purchase firewood
for cooking. For example, off-grid Indian families consumed over 180
million tons of wood in 2001.

Energizing India(TM) is part of a global network, Energizing
Microfinance(TM), formed by Green Microfinance and MicroEnergy in
2007. It is led by microfinance specialists and energy engineers, who
are experts on micro energy systems, which include solar, micro-hydro,
micro-wind, and village-scale biofuel systems, which uses biomass not
produced on productive forests, grassland or cropland.

"By providing loans for environmentally sustainable products to
their low income clients, microfinance institutions can substantially
contribute to greener communities, and to increased family business
revenue. Most importantly, by working with organizations such as ESAF,
we are directly nurturing and growing millions of green
micro-businesses," Elizabeth Israel, co-Founder and President of Green
Microfinance said.

About Green Microfinance

Green Microfinance, a social business, advocates the use of
sustainable energy by microenterprises and microfinance institutions,
which contributes to global sustainable economic development and
reduces the impacts of climate change on the poorest of the poor. We
promote the use and distribution of renewable energy technologies,
which helps reduce global warming, providing the poor with cleaner air
and ultimately better health.

Green Microfinance
Elizabeth Israel, 610-616-3918
eisrael@greenmicrofinance.org

Copyright Business Wire 2008