ReadyPay 10W Home Starter Kit

Fenix International

The 10W ReadyPay Home Starter Kitis a modified version of the Readyset Solar Home System with a built-in Pay-As-You-Go platform that allows users to pay-to-own their Solar Home System (SHS). It is 1 of 5 different ReadyPay Solar System kits available with payment plans in Uganda . The system integrates with any mobile money system and enables ReadyPay customers to make payments from a mobile phone and receive a secure code to unlock access to solar power until another payment is due while also helping users build their credit scores.

Product description

The 10W ReadyPay Home Starter Kitis a modified version of the Readyset Solar Home System with a built-in Pay-As-You-Go platform that allows users to pay-to-own their Solar Home System (SHS). It is 1 of 5 different ReadyPay Solar System kits available with payment plans in Uganda . The system integrates with any mobile money system and enables ReadyPay customers to make payments from a mobile phone and receive a secure code to unlock access to solar power until another payment is due while also helping users build their credit scores.

Target region(s)

Uganda

Distributors/implementing organizations
Market suggested retail price

The 10W ReadyPay Home Starter Kit pricing plan includes the following options:
• Deposit: 40,000 UGX (~$13.31 USD)
• Daily: 1000 UGX (~$0.33 USD)
• Weekly: 7,000 UGX (~$2.33 USD)
• Monthly: 30,000 UGX (~9.98 USD)

Prices are based on an 18 months repayment period which will total to ~$179.64 USD. The initial deposit includes 7 free days of power and MTN Mobile Money fees for sending money apply.

The 10W ReadyPay Home Starter Kit is 1 of [5 different ReadyPay Solar System kits available with payment plans in Uganda

Competitive landscape

M-KOPA PAYG System, Lumeter Customer Meter, Angaza Embedded PAYG.

Target user(s)

Off grid, very low income consumers  in the developing world, outdoor enthusiasts, aid organizations, green energy enthusiasts, and individuals concerned with emergency preparedness.

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