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SolarNow Services Uganda

Country

  • Product Type: Agri-equipment Financing using Innovative Payplans
  • Sector: Agribusiness
  • Project Country: Uganda

SolarNow Services Uganda

SolarNow

Offering flexible financing to farmers in rural, off-grid areas.

SolarNow sells solar systems and appliances (for example, lights, TVs and solar water pumps) to rural off-grid households and businesses, of which more than 70% are farmers.

Project Description

SolarNow is addressing a strong demand for agri-equipment related financing and has tailored a flexible pay plan product catering for the seasonal cash flows.

Key Innovations

Financing in rural off-grid areas is still mostly based on (peri) urban institutions that offer regular payment plans. SolarNow aims to offer innovative payment plans tailored to seasonality, launched through its existing in-house finance vehicle, and embedded in rural areas through the presence of its branch network.