Power Homes and Businesses in Kayunga

Fund 100 solar home systems that power lights, cellphone charging, and radio

Impact

 

  • A $25,000 loan will help SolarNow sell 100 units of their 50W solar home systems: 75 to homes and 25 to small businesses.

  • Each 50W system powers 6 lights, cellphone charging and radio for the 10 year lifetime of the system.

The projected impact from the solar home systems:

 

Summary

 

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.

There are three reasons why SolarNow solar home systems make switching from kerosene to solar easier than ever:

  1. They are affordable. SolarNow offers a monthly installment pay plan for 12 months, allowing customers who can't afford an upfront cash payment to pay over time while stopping kerosene use immediately. 

  2. They are hassle-free. Every SolarNow product comes with full installation by trained technicians, user training, and two-year free maintenance, removing customers' worries about product usage and potential (but unlikely) breakages.

  3. They are flexible. SolarNow products range from 50W to 500W and are modular, so customers can easily and gradually upgrade their solar home systems to meet their rising energy demand over time. 

With 34 franchise stores in the country, SolarNow customers have plenty of options to get their installation and aftersales needs met. SolarNow also has its own Customer Care Team to make sure their customers are satisfied with their products. 

 

Technology

 

 

All SolarNow products, including the 50W solar home systems in this project, come with full installation, user training and a two-year free maintenance agreement. All product components have manufacturers' warranty ranging from 2 to 20 years. 

 

100% Funded

By 318 People

$0 to go

out of $25,000 Target

This project is fully funded!

SOLAR PARTNER

SolarNow provides affordable, high quality solar home systems to off-grid households and businesses in Uganda. Their solar home systems range 50 to 500 watts and because they’re modular they 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 3,000 solar home systems in 30 districts in Uganda.

REPAYMENT INFO

Loan term: 12 months

Repayment schedule: every 3 months

Interest rate: principal repayments only

Impact points: equivalent to 3.5% annual interest rate

Repayment Date Status
1 May 2014 Pending
2 August 2014 Pending
3 November 2014 Pending
4 February 2015 Pending

LOCATION

Kayunga is a district located to the northeast of Uganda's capital city, Kampala. The district's population based on 2002 census is 294,613, with more than 90% living in rural areas. Only 4.7% of the population has access to electricity and 73% of all households depend on mainly subsistence farming.