E+Co has also mobilized a of USD 280 million for the purpose of (E+Co, 2011). The impact of the finances made so far is enormous; a total of 6.2 million people have been served with clean energy to date, 309,000 micro enterprises and non-household users have been served with modern energy, an income of USD 7 million generated and 5300 jobs created. A total of 4.6 million tons of carbon dioxide emissions have been reduced through the E+Co investment and an equivalent of 910,000 barrels of oil have been displaced. Also 1,153,000 tons of firewood and charcoal have been displaced (). E+Co’s portfolio return after write offs and before costs now stands at 8.7% and a total of USD10 million has been repaid to investors (E+Co, 2009). 2.2: E+Co Investment by Product Product Percentage (%) Debt 64 Equity 23 Both 13 Total 100 Source: E+Co Annual Report (2009) Table 2.3: E+Co Investment by Renewable Energy Technology Renewable Energy Technology Percentage (%) Biomass 26 Biogas 4 Hydro 16 LPG 8 Cook stoves 12 Other 4 Solar 30 Total 100
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E+Co Investees/ Beneficiary 7 30.4 30.4 34.8 RE Stakeholder 5 21.7 21.7 56.5 Financial Institution 10 43.5 43.5 100.0 Total 23 100.0 Source of Capital for Business Start-up Personal Savings 7 30.4 100.0 Not applicable 16 69.6 Total 23 100.0 Source of Capital for Business Start-up Personal Savings 7 30.4 100.0 Not applicable 16 69.6 23 100.0 Type of E+Co's Investment to Tanzanian Entrepreneurs Debt 7 30.4 100.0 Not applicable 16 69.6 Total 23 100.0
Strongly agree 3 13.0 23.1 100.0 Total 13 56.5 Not applicable 10 43.5 Total 23 100.0 RE Contribution in Socio-economic Development of Rural People 10 43.5 76.9 76.9 Strongly 3 13.0 23.1 100.0 Total 13 56.5 Not applicable 10 43.5 Total 23 100.0 Finance has Benefited Intended End Not sure 1 4.3 12.5 12.5 Agree 7 30.4 87.5 100.0 Total 8 34.8 Not applicable 15 65.2 Total 23 100.0 Financing RE is Profitable Undertaking Not sure 2 8.7 18.2 18.2 Agree 8 34.8 72.7 90.9