What is your idea / business and to whom is it addressed?
We are on a mission to supply clean cheap and affordable power to Kenyans by eradicating the use of kerosene lamp and to embrace solar lighting
How should the idea/business earn money?
Using a unique business model called Pay-As-You-Go (PAYG) which is a micro payment scheme to sell the solar light kit in rural Kenya we aim to eradicate the dangerous and toxic kerosene lamp and improve lives through solar technology. The solar kit which consists of 4 lamps and a solar panel cost 100 dollars. A client only needs to pay a deposit of just 20 dollars and get the kit. We do all the installation at his home. The remaining 80 dollars is paid in installment of 10 dollars for 8 months and subsequent electricity is free to the new owner.
At what stage is the idea / business at the moment?
The business is on the income generating level -Growth And Establishment. The business has 100 customer and 7 permanent employees and making a profit of US$250 on a monthly basis.
What do you need?
Our current need is fund for expansion. We need fund to meet the demand for solar kit system plus new product in the market like solar radio and television and client need to up grade.
Subscribe to our Newsletter and receive a 20% discount on your first announcement.
Do you wish to be up-to-date with investment opportunities and the latest trends in the business world? All you have to do is sign up, and we will extract the most interesting business information for you and keep you informed about it in a condensed form.