Microfinance, Energy Poverty, and Sustainability

Abstract

The role of microfinance in reducing energy poverty among Tanzanian micro-borrowers is examined in this chapter. A standardized questionnaire was used to conduct a survey of 490 micro-borrowers. The data was analyzed using the multiple regression technique. Micro-borrowers are eager to spend on modern energy sources for cooking and other activities, according to the findings. Affordability and willingness to spend on contemporary energy sources for cooking have a substantial positive impact on their usage. The willingness to utilize modern energy sources for other purposes has a significant positive impact on their usage. Age, marital status, and education have no bearing on the use of modern energy sources for cooking and other purposes. The use of modern energy sources for other purposes, but not for cooking, is significantly influenced by household size. Microcredits customized for contemporary energy sources should be implemented to combat energy poverty.