D.light has signed a new partnership with micro lender Musoni to enable lowincome consumers in Kenya to access solar energy at affordable prices.
More than 47 million households in Africa and Asia have no electricity and do not make enough money to afford connection to the grid. d.light is working around this challenge by collaborating with microfinance institutions (MFIs) to absorb initial costs for its low-income customers.
Through the collaboration with Musoni Kenya, Kenyans can now access Solar Home Systems through an arrangement whereby Musoni Kenya absorbs the cost upfront and then the customer services the loan over a certain period.
Jacob Okoth, d.light's Managing Director for Africa, said: "The priorities between Musoni and d.light are aligned. Also, the type of customers we are targeting are the same as those being targeted by Musoni. There is a lot we can both benefit from this partnership and our aim is to nurture it, and grow it, into a mutually beneficial relationship for both of us, and our customers."
Musoni CEO Stanley Munyao described the new partnership as an "opportunity to participate in green energy as part of the global movement for sustainable resource management."
"Our clients now have access to clean and reliable sources of energy that improve their quality of life and save on costs going towards kerosene for lighting purposes. Our drive now is to ensure that majority of our clients' households are lit using renewable energy, and our financial capacity is opened up to the larger d.light client base to provide our much needed financial services," he added.