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Oikocredit invests in microfinance, fair trade organizations, agricultural enterprises and renewable energy

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Peg Africa - Pay-as-you-go solar home systems for West Africa

Peg Africa

Pay-as-you-go solar home systems for West Africa

Ghana

Green

Promotes and/or supports the protection of the environment. An example of this is an organic farming cooperative.

PEG Africa’s subsidiaries provide solar home systems to low-income and rural households on a pay-as-you-go basis.

Each solar home system comprises a battery, an 8W solar panel, two lamps, a torch, a radio and a phone charger. After 12 monthly payments the system is paid off. Solar home system owners are eligible for credit for additional products such as efficient cookstoves, smartphones and solar-powered TVs.

PEG Africa’s subsidiaries mainly serve customers in peri-urban and rural communities with a typical daily income of between US$ 1 and US$ 6. Many clients are smallholder farmers or fishermen.

Through this partnership, Oikocredit expands its support of off-grid solar into West Africa.

PEG Africa has been an Oikocredit partner since 2016.

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