Access to responsible finance is an important tool for strengthening the economic security of poor and low-income families. Access to non-financial goods—like clean energy products—are also critical for improving health and wellbeing, increasing productivity and alleviating poverty.
BrightLife, a social enterprise by FINCA (a $114M net asset nonprofit organization headquartered in Washington D.C.), pairs access to finance with access to energy to unlock productivity and wellbeing for the poor. It is also building pathways to financial inclusion for the unbanked. BrightLife is reimagining what the next generation of rural households in Uganda and beyond may look like.
As 75% of Ugandan families live without access to electricity, BrightLife provides access to affordable clean energy lighting. The solar home systems provide in-home lighting with a built-in phone charger and radio. Customers are able to make low, weekly payments until they pay off their product.
MISSION: To alleviate poverty through lasting solutions that help people build assets, create jobs and raise their standard of living.
VISION: To build a global network of sustainable and scalable social enterprises that improve lives worldwide.
ORGANIZATION: With headquarters in Washington, DC, the goal at FINCA International is to provide low-income people around the world the tools they need to succeed. FINCA’s programs benefit millions of people across five continents. FINCA does this by offering responsible financial services, such as small loans or savings accounts; by reaching people in remote communities using technology like mobile phones and tablets; and by providing access to life-enhancing products, like solar home systems and clean cookstoves.
Join Our Newsletter:
Resources and innovations in nonprofit finances delivered directly to your inbox
