Off-Grid Home Solar Provider Fenix International Has Signed 60,000 Leases In Uganda To Date
The leading off-grid home solar energy system provider in Uganda, Fenix International, has now signed 60,000 leases for its ReadyPay Power offering (since January 2014), according to a new press release.
Altogether, the leases relate to $11 million in business — and there’s now been an estimated 300,000 Ugandans that have been provided reliable electricity for the first time through these.
Fenix’s innovative hardware and software enable the company to lock the solar system if customers fail to make payments. The company receives and processes over 120,000 payments per month, and a total of $5 .7 million has been paid back through 1.4 million payments.”