In Ghana it is helping to meet the ever-increasing demand for electricity by funding PEG, a social enterprise providing renewable energy. Affordable solar power could provide the answer to meeting the demand for electricity in an environmentally and socially responsible way.
PEG’s solar energy products include a solar home system that provides renewable energy to small domestic appliances such as televisions, radios and mobile phones. The company offers a pay-as-you-go system allowing customers to spread their costs by paying for solar services over time.
‘We offer our customers a number of product bundles: single solar lamp units; a lamp with a TV, or a lamp with a mobile. They pay a deposit and then pay-as-they-go, taking between 12 and 18 months to see off the balance [and own the products]. Payments can be made daily, weekly or monthly’, says Prosper, an area sales manager for PEG.
You can download the whole story about PEG’s pay-as-you-go solar enterprise, written by Kawien Ziedses des Plantes, deputy director, social performance & capacity building at Oikocredit.