The Rural Energy Enterprise Development (REED) initiative provides assistance to energy-related enterprises to prepare them for growth and to make eventual investments by mainstream financial partners less risky. This study assesses the non-financial returns of a number of REED-type enterprises and provides guidance for the selection and ongoing evaluation of these enterprises within the context of development interventions. This study concludes that desired development outcomes should provide the basis for programme objectives against which non-financial returns can be measured. However, qualitative information is also necessary, as the context within which an enterprise operates largely defines the importance of these returns. Further work to improve the understanding of this context is necessary prior to the development of a formalised monitoring programme. Limitations of the assessment process should be recorded and addressed through the ongoing review of the programme, other monitoring efforts and further research.

The Rural Energy Enterprise Development (REED) initiative provides assistance to energy-related enterprises to prepare them for growth and to make eventual investments by mainstream financial partners less risky. This study assesses the non-financial returns of a number of REED-type enterprises and provides guidance for the selection and ongoing evaluation of these enterprises within the context of development interventions. This study concludes that desired development outcomes should provide the basis for programme objectives against which non-financial returns can be measured. However, qualitative information is also necessary, as the context within which an enterprise operates largely defines the importance of these returns. Further work to improve the understanding of this context is necessary prior to the development of a formalised monitoring programme. Limitations of the assessment process should be recorded and addressed through the ongoing review of the programme, other monitoring efforts and further research.