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ReadyPay Power

Affordable solar home system for off-grid households

May 2019
Gallery ReadyPay Power 1
Gallery ReadyPay Power 1
01.

Identification

ReadyPay is a lease-to-own system designed for off-grid households and businesses.

The solution gives users access to bright lights, charge phones, listen to the radio, watch TV, and power additional appliances like fans. Instead of requiring customers to accumulate the capital necessary to purchase a system upfront, ReadyPay offers an alternative by allowing customers to pay in micro-installments starting at $0.15 per day, thereby lowering the barrier to access clean energy for millions of people. Good "repayers" can also access other life-changing products like cookstoves and school fee loans through Fenix. Through financing, families make a deposit, take home their kit, and repay their loan on a 24 to 30-month period via mobile money.

Label Date May 2019
From United States
Maturity stage Medium and large scale commercialization
Looking For Partners, collaborators, funding

Sectors - Value chain - Application

Sectors
Applications
Design, Power & Produce
Package & Distribute
Use & Efficiency
Valorize & Restore
Value Chain Steps
  • /
02.

The environmental benefits

  • Replaces dangerous, dirty, poor quality light sources such as kerosene and candles.
  • Employs sales agents for rural customers, called ReadyPay Champions.
03.

The Financial benefits

  • Inclusive financing with micro-installements starting at 0.18 USD per day.
04.

Activity Region

  • /
  • Headquarters
  • Activity
05.

Company Profile

Fenix Intl

Fenix produces game-changing power generation, smart storage and application solutions.

View company profile
Headquarters San Francisco, CA 94103, USA
Connect with the innovator Save to Project

The information set out above, is solely for the purposes of information and the Solar Impulse Foundation does not provide any guarantee as to its authenticity, completeness or accuracy. This information does not constitute investment advice or a recommendation to buy into, transact or to enter into any agreement with any of the parties or persons mentioned above. Potential investors or interested parties are solely responsible for their investment or business decisions and for performing any due diligence required by the circumstances.