Phnom Penh, Cambodia – Nexus for Development has disbursed the first investment of the Pioneer Facility to One Renewable Energy Enterprise Inc.(OREEi), a Philippine social enterprise specializing in deploying solar energy solutions. OREEi was selected by the Pioneer Facility for their strong social and environmental impacts, significant experience in their focus areas, and their viable business model. The Pioneer Facility is working with OREEi to directly finance a project that will replace 62 diesel generated irrigation pumps with solar-powered pumps. The identified end-users are small cooperatives of farmers based in several rural areas of the Philippines. As part of the Pioneer Facility design, the financing was offered collateral-free to be more accessible than traditional financing options.