What we do: PEG Africa provides solar home systems on credit to households in West Africa using a unique financing approach called ‘pay-as-you-go’ financing. This enables customers to replace their perpetual spending on poor-quality polluting fuels, such as kerosene with solar energy that quickly becomes an asset to the customer. The market that the company can service is large because it can service households that typically earns $5-$10 a day.
Ownership & Management: PEG Africa is owned by its founders Nate Heller and Hugh Whalan. The founders managed to pull other institutional investors known as Investisseurs&Partenaires, Engie, Blue Haven, Energy Access Ventures, Persistent Energy Capital, KFW, Sun Funder, responsibility and Oiko Credit. The company has a full management complement that manages the different areas of operations.
Key financial indicators: Not provided. The company has a market of over 150 million people in West Africa that have no access to electricity. They spend up to 30% of their incomes on poor quality, polluting fuels like kerosene, candles and batteries, and often have to travel many miles simply to charge their cell phones. The solar home systems power lighting, phone charging and radios is the perfect solution for an off-grid home plagued by expensive and inconsistent access to power.
Track record: PEG Africa has a proven business model given its ability to pull in investors such as Investisseurs&Partenaires, Engie, Blue Haven, Energy Access Ventures, Persistent Energy Capital, KFW, Sun Funder, responsibility and Oiko Credit.
Contact details: Email: email@example.com Address: Off Aburi Road, after Dodowa Junction, Ghana. Website: www.pegafrica.com
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