Photo: Barrak_CAPTURE/Capture Ghana
Oikocredit, a Body in Association of CTBI, invests in more than 800 social enterprise partners across Africa, Asia, Latin America and central and eastern Europe.
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.
