Commitment to Action

Pay As You Go Energy: Supporting Renewable Energy Entrepreneurs

Commitment by

Lumeter Networks

In 2015, Lumeter committed to helping alleviate energy poverty in Africa, Asia, Central America, and South America by partnering with Fosera solar to expand its Pay-As-You-Go portfolio and recruit Renewable Energy Providers in 50 or more countries by the end of 2017. Additionally, Lumeter will work with partner Boma Investments to launch the Scaling Energy Access Loans (SEAL) platform to help residents and smallholder farmers access capital for solar energy. Lumeter plans to raise a minimum of $2,000,000 for SEAL by the end of 2017. With Pay-As-You-Go technology combined with SEAL, Lumeter and its partners will enable rural populations previously living without electricity to afford the critical service by paying over a period of time, and effectively minimize the risk for the customers, investors, and providers. SEAL could result in up to 30,000 households and 250 microenterprises and SMEs receiving access to electricity for the first time.

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Overview
Summary

Commitment

Pay As You Go Energy: Supporting Renewable Energy Entrepreneurs

Launched

2015

Est. Duration

2 years

Estimated Total Value

$2,500,000

Region

Asia, Africa, Oceania

Countries

BANGLADESH, BURKINA FASO, ETHIOPIA, FIJI, GHANA, INDIA, KENYA, LIBERIA, MOZAMBIQUE, MYANMAR

Commitment by

Lumeter Networks