Together, the project portfolios of the Business Innovation Facility and Innovation Against Poverty span a range of global regions and sectors, and engage low income people through a variety of innovative business models.

Business innovation for a tankless water heater

Tankless heaters that are not a bank buster are practical options in contrast to traditional warmers, which require a considerable measure of vitality. Simple to introduce, tankless water warmers don’t need a capacity tank to supply boiling water. Tankless water heaters are referred to by various names, for example, request water warmers, inline water heaters, moment water heaters, prompt water warmers, and purpose of utilization water warmers.

Tankless water heaters work uniquely in contrast to standard water heaters – a water stream sensor controls the water stream into the radiator. Afterward, the burner is consequently touched off, and the water moves through the warmth exchanger, which like this in a split second warms the water to the required temperature. The procedure of the tankless heater that is not a bank buster stops naturally when the high temp water tap is killed. The heat can be balanced with the turn of a dial. A strength of tankless water warmers is that they never come up short on high temp water.

The preferred prime standpoint of tankless water heaters is the manner in which they warm water just when required, in this way decreasing the vitality utilized amid backup interims. In like manner, one can set aside to 20% on the warming bill. Since a tankless water radiator does not store high temp water, the possibility of microbes development is reduced. Cost viability, bring down upkeep, and longer hardware life is some other prime focal points of tankless water heaters. One can look over electric tankless water heaters and gas/propane tankless water warmers. Tankless water warmers are accessible in an assortment of sizes and reasonable costs.

There are a few inconveniences to tankless water warmers. They can’t give adequate high temp water to excessively synchronous utilize, for example, cleaning up and doing clothing in the meantime. Another downside is that these warmers may spill whenever presented to frigid temperatures. What’s more, tankless water heaters require more quick power contrasted with customary water warmers. In spite of the inconveniences, a tankless heater that is not a bank buster is generally utilized for both business and private purposes, and purchasers ought to gauge the advantages and disadvantages before picking the right radiator for their requirements.


Even though you’re new tankless warmer is ensured to spare you cash on your vitality charges, as a result of its high starting speculation cost it will require a long investment before it can satisfy for itself. Which is the reason you have to ensure that the unit you will purchase will last at any rate until at that point if not longer? Think about various brands and models of tankless water warmers, check which of them are produced using sturdy materials that can withstand the maltreatment that it will experience each day.

Water Demand

The following thing that you have to consider before purchasing a tankless warmer is how much water your family will expand in many days; you require a water radiator that can stay aware of the heated water request. On the off chance that you don’t have a ton of individuals in your family then a littler limit radiator is sufficient for your requirements, however, if you have an extended family, then it is best to run with a hardcore demonstrate.


Stanbic smallholder farmer finance, Nigeria

Through its agricultural finance scheme, Stanbic aims to reach 5,000,000 smallholder farmers over a five year period. This inclusive business model bundles technical assistance and training with commercial financing to link famers to formal markets.

Around 90% of Nigeria’s agricultural production is from smallholder farmers, yet they constitute the majority of the nation’s poor. Lack of access to finance and the resultant inability to invest in basic farming inputs such as seedlings, fertilizers, implements and irrigation which consequently leads to relatively low yields and productivity levels are some of the underlying factors for their poverty. Also, the lack of access to formal markets as well as little or no commercial financing hinders farmers to earn sustainable profits.

Stanbic IBTC’s Smallholder Farmer Finance Scheme aims to address this gap in agribusiness financing and lack of market access to ultimately increase smallholder livelihoods. The model will be piloted in the Plateau State in Northern Nigeria, where 8,000-10,000ha cultivated by smallholder farmer groups have been identified. In the pilot, the maize and soya farmers will gain access to production finance from Stanbic IBTC (usually input costs are around US$330/ha and 50% of the costs are subsided by the government) at an effective interest rate of between 10 and 15% against a current prime lending rate of 24%. In addition, Stanbic IBTC has agreed a pre-season price contract with Grand Cereals Limited (GCL), which means farmers are guaranteed a minimum price for their produce at the end of the season. If at the time of harvesting market prices are higher than the agreed minimum price, GCL will pay the market price.

For the company this approach decreases the risk of side selling. In 2012, Stanbic IBTC will also introduce its web-based Warehouse Receipt system (WRS) in Nigeria that has already been tested successfully in other African countries. Currently, lack of access to storage facilities and direct access to buyers not only forces farmers to sell their produce at time of harvest but also means that they only receive a small fraction of the actual market price (an average of 48%) due to various middlemen involved. The WRS is based on a network of physical grain silos and will allow farmers to store their produce (enabling them to sell their produce at potentially higher prices later in the year) as well as provides the opportunity to access cash from Stanbic IBTC backed up by their commodities stored in the warehouse before the actual produce is sold. In the medium to long term, the inclusive business model aims to develop an integrated, multi-partner approach that bundles technical assistance (soil mapping and agronomy training) and extension services with commercial financing to link smallholder farmers to formal markets through tailored loans, quality assured training and input packages, crop insurance and regulation of commodity trading.

After five years, Stanbic IBTC aims to reach 5,000,000 farmers through the scheme. The main commercial gains for Stanbic IBTC in this venture is the development of its agricultural financial services through the increased number of loan agreements with individuals and businesses in the agricultural sector, the profitability of these loans and the increase in subscriptions to the bank’s other agriculture-based services.

BIF will provide support towards brokering agreements with buyers and other stakeholders, conducting a review of the business model to ensure its sustainability, and identifying sources of grant funding to pay for agricultural extension services and the investment required

To view other projects in the same country, sector or the same business model focus click the links in the table.