ReadyPay 10W Home Starter Kit

Fenix International

Product description Brand name and 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) Target region for distribution/implementation (listed by country if specified)

Uganda

Distributors/implementing organizations Organization(s) distributing/deploying this product directly to communities/individuals?"
Market suggested retail price Price per unit or service price per usage/terms (USD). Subsidies noted.

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 Similar products available on the market. May not be a comprehensive listing.

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

SDG targeted United Nations Sustainable Development Goals (SDGs) targeted with this product/application/service
Target user(s) Target user/consumer base (country, income segment)

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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