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Feb 22, 2006

Freeplay Foundation selected at World Bank Development Marketplace Finalist 2006

The Freeplay Foundation is delighted to announce its selection as one of 119 finalists among over 2,500 entrants in the World Bank's highly competitive Development Marketplace 2006 programe.

Freeplay's new Weza (power in Swahili) foot-powered generator is a robust, environmentally friendly and portable energy source that offers dependable power for everyday use and emergencies. Fifty mainly women 'Weza Pioneers' in Rwanda will be equipped with business start-up kits, training and low-risk financing, to establish cash based energy service micro-businesses. The project will enable us to assess the Weza's technical performance in harsh rural settings, fine-tune micro-loan mechanisms and price points and gauge the scalability and replicability of the new Freeplay Weza micro-enterprise model within and beyond Rwanda.

The Foundation's entry for a pilot project to launch Freeplay Weza based micro enterprises in Rwanda will be presented at a Development Marketplace meeting on 8-9 May in Washington, DC. Successful finalists will receive grants of up to $200,000 each. The Foundation's partners in this innovative initiative include Freeplay Energy Plc, CARE Rwanda, Cornell University's Center for Global Sustainable Enterprise and Kigali Institute of Science and Technology.


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