Baobab+ Mali is offering a first leasing experience for solar energy products that is based on energy savings realized through PAYG financing to customers, and the visiting team conducted interviews with farmers using these solar energy products.
The team conducted interviews with farmers who expressed the benefits of the PAYGO Product, including Mariam Keita.
Fund Project Manager, Simon Kimura, Monitoring and Evaluation Associate, Finance Manager, Joseph Ondiek and Maeva Amager from IPE Triple Line discussing the progress of the project with Baobab+ Mali team.
A BENEFICIARY PERSPECTIVE:
Marian Keita, a farmer who cultivates peanuts. She has been a Baobab+ client for 5 months, and first heard about the Baobab+ PAYGO solution on radio after which field agents reached out to her.
Previously, Marian used a small solar panel powering one light bulb which she bought on credit through an association of women producing shea butter and would pay an amount for it every two weeks. Through the flexible payment model offered by Baobab+, Marian can now pay for her Solar Panel on credit via mobile money. Her children can study better at night and she is happy about the flexible payment which she promotes to others.
Article by Simon Kimura, Project Manager, Mastercard Foundation Fund for Rural Prosperity.