This paper proposes an integrated ecological, economic and social model to assist sustainable rural development in villages in Bangladesh. In the model, renewable energy technologies (RETs) create income-generating activities for male landless and marginal farmers and for women from such households, while reducing environmental problems, like deforestation and indoor air pollution from cooking with poor-quality fuels. Because of the high capital costs of RETs, the model proposes an extension of the well-known micro-credit approach developed by such NGOs as the Grameen Bank and BRAC. With the assistance of an External Agency composed of NGO, business, government and university representatives, such groups of villagers would form Village Organizations, comprising cooperatives or other forms of business, borrow money from a bank or large NGO, and purchase a RET based on biogas, solar or wind, depending upon location. By selling energy to wealthier members of the village, the Village Organizations would repay their loans, thus gaining direct ownership and control over the technology and its applications.