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Sign upReadyPay Power
Affordable solar home system for off-grid households
- About Company
ReadyPay Power
Affordable solar home system for off-grid households
Label Date
May 16, 2019
By
Fenix Intl
From
United States
Maturity stage
TRL 9 / CRI 5-6 - Market competition driving widespread deployment &/"Bankable" grade asset class
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.
The Environmental Benefits
- •Replaces dangerous, dirty, poor quality light sources such as kerosene and candles.
- •Employs sales agents for rural customers, called ReadyPay Champions.
The Financial Benefits
- •Inclusive financing with micro-installements starting at 0.18 USD per day.
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Company Profile
Fenix Intl
Fenix produces game-changing power generation, smart storage and application solutions.
Headquarters
San Francisco, CA 94103, USA
Type
Startup or self-employed
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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. The innovator Fenix Intl has asserted ownership of the intellectual property rights for images, videos, and content showcased above, affirming full and unrestricted usage rights, and has provided explicit permission for the Solar Impulse Foundation to publish such information designated as "public" in the application form.