The d.light solar and Musoni partnership involves sharing of each organization’s client base to accord more people the opportunity of going up the economic and energy ladders. [Photo/kbctv.co.ke]
Low-income consumers in Kenya will now have access solar energy at affordable prices after Off-grid solar solutions provider d.light signed a new partnership with micro lender Musoni.
Through the collaboration with Musoni Kenya, Kenyans can now access Solar Home Systems through an arrangement whereby Musoni Kenya absorbs the cost upfront and then the customer services the loan over a certain period.
Jacob Okoth, d.light’s Managing Director for Africa, said: “The priorities between Musoni and d.light are aligned. Also, the type of customers we are targeting are the same as those being targeted by Musoni. There is a lot we can both benefit from this partnership and our aim is to nurture it, and grow it, into a mutually beneficial relationship for both of us, and our customers.”
The solar energy provider has also had great success with a similar arrangement in India where it has reached millions of customers through MFIs.
East Africa presents a unique case considering how MFIs are leveraging mobile money to reach the rural unbanked.
The d.light solar and Musoni partnership involves sharing of each organization’s client base to accord more people the opportunity of going up the economic and energy ladders.
Musoni CEO Stanley Munyao described the new partnership as an “opportunity to participate in green energy as part of the global movement for sustainable resource management.”
“Our clients now have access to clean and reliable sources of energy that improve their quality of life and save on costs going towards kerosene for lighting purposes. Our drive now is to ensure that majority of our clients’ households are lit using renewable energy, and our financial capacity is opened up to the larger d.light client base to provide our much needed financial services,” he added.