AFFORDABLE SOLAR HOME SYSTEMS
GCPF direct investee Off Grid Electric provides low-cost energy access financing that makes home solar systems affordable for even the poorest households in Tanzania and Rwanda.
On a continent where access to electricity remains scarce, expensive and unreliable, 100,000 households and business now use home solar systems provided by Off Grid Electric. Off Grid Electric sells and installs small-scale solar home systems on a 2- to 3-year rent-to-own payment plan. Clients pay monthly via mobile money.
The company runs an integrated business model covering hardware and software development, in-house supply chain management, local distribution, consumer financing and customer service. As 2.45 million Tanzanian SMEs lack grid-supplied power, Off Grid Electric is now tapping its next growth market.
