This $10,000 loan will finance 50W solar home systems in Masaka
The projected impact from the solar home systems:
There are three reasons why SolarNow solar home systems make switching from kerosene to solar easier than ever:
With over 30 franchise stores in the country, SolarNow customers also know exactly where to go to get support.
80% of Uganda’s population lack access to electricity, which puts a total of 4 million households off the grid. These households currently spend $4 a week on kerosene, battery charging, drycell batteries, and candles for lighting needs. Of the off-grid households, 1.3 million have disposable incomes that allow them to purchase better quality lighting. These are the ones who will first leapfrog the electricity grid and pave the way for others to join them in switching to solar from kerosene.
All SolarNow products, including the 50W solar home systems in this project, come with full installation, user training and a one-year free maintenance agreement. All product components have manufacturers' warranty ranging from 2 to 20 years.
By 123 People
$0 to go
out of $10,000 Target
SolarNow provides affordable, high quality solar home systems to off-grid households and businesses in Uganda. Their solar home systems range 40 to 400 watts and because they’re modular and can be upgraded over time. Through their network of franchises and by offering a 12-month payment plan to their customers, SolarNow makes solar accessible and affordable for rural, low-income households. Since 2011, SolarNow has sold over 2,000 solar home systems.
Loan term: 12 months
Repayment schedule: every 3 months
Interest rate: principal repayment only
Impact points: equivalent to 3.5% of interest
Masaka is a district located to the west of Lake Victoria and southwest of Kampala. It has a population of about 876,000 people, 89% of whom live in rural areas and are mostly farmers. Less than 1% of the district's population have access to electricity.