Millions of people in west Africa do not have access to electricity, relying on unsafe energy methods like kerosene and disposable batteries. The “pay-as-you-go financing” model is allowing businesses to profitably provide goods to the most vulnerable and most isolated populations. In Uganda, this model is used by Hugh Whalen of the PEG Group to provide solar energy to those without access to other types of energy. His model effectively reaches remote customers and also allows these customers to develop a credit history, increasing their potential as customers for other products.
With Hugh Whalan, CEO of PEG Group, at the Tamer Center for Social Enterprise’s 2015 Social Enterprise Conference, September 25, 2015.