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Sign upReadyPay Power
Affordable solar home system for off-grid households
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.
- Video
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- Images
Label Date
May 16, 2019
By
Fenix Intl
From
United States
Maturity stage
Medium and large scale commercialization
Looking For
Partners, collaborators, funding
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
- Map
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- List
Africa
Angola, Burkina Faso, Burundi, Benin, Democratic Republic of the Congo, Central African Republic, Republic of the Congo, Ivory Coast, Cameroon, Cape Verde, Djibouti, Eritrea, Ethiopia, Gabon, Ghana, Gambia, Guinea, Equatorial Guinea, Guinea-Bissau, Kenya, Liberia, Madagascar, Mali, Mauritania, Mauritius, Malawi, Mozambique, Niger, Nigeria, Rwanda, Sudan, Saint Helena, Sierra Leone, Senegal, Somalia, South Sudan, Ṣo Tom̩ and Pr?_ncipe, Chad, Togo, Tanzania, Uganda, Mayotte, Zambia, Zimbabwe,
- 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
06.
Complementary solutions
Apr 2018
Renewable gas for industrial burners
Decentralized renewable solutions for process heat in industrial processes
- Industrial Processes & Consumer Goods
- Utilities (Water, Energy, Waste)
May 2018
Stirling Engine
Stirling engine modules to generate clean electricity from waste heat locally
- Utilities (Water, Energy, Waste)
- Industrial Processes & Consumer Goods
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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.