d.light partners with microfinance institution Musoni for off-grid solar in Kenya

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
Under the terms of the partnership Musoni Kenya will absorb the upfront cost of d.light’s solar home system with customers servicing the loan over a fixed period. Source: d.light

Off-grid solar product distributor d.light has partnered with cloud-based microfinance institution Musoni to expand access to solar for low-income consumers in Kenya.

In partnering with microfinance institutions such as Musoni, d.light aims to absorb the initial upfront costs of its PV systems, widening access to low-income customers.

Under the terms of the partnership Musoni Kenya will absorb the upfront cost of d.light’s solar home system (which features a solar panel, mobile phone charger, solar lights, light switches, a torch and an FM radio) with customers servicing the loan over a fixed period.

D.light’s managing director for Africa, Jacob Okoth, said that the partnership made perfect sense for the two companies, as they target the same customer segment. Musoni works to expand financial outreach in rural areas and d.light’s mission is to continue to work towards rural electrification.

“The priorities between Musoni and d.light are aligned,” he said. “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.”

The two firms will share a client base to expose more customers to off-grid solar solutions.

Kenya, and East Africa at large, are territories really plugged into leveraging mobile money solutions to reach the rural unbanked. By processing loans, savings and repayments over mobile money transfer systems, microfinance institutions (MFIs) such as Musoni can improve their efficiency, reduce the errors and wasted time associated with manual cash handling, and lower the likelihood of fraud.

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 [the] 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.

D.light recently celebrating surpassing solar home system sales of 120,000 within just six months. 

Read Next

PV Tech Premium
September 10, 2021
With inaccurate irradiation data potentially impacting profitability estimates of PV projects in Africa, calls have been made for solar players to invest in more accurate measurement tools and work together to support the commercial and industrial (C&I) sector’s growth.
September 2, 2021
JinkoSolar has signed a strategic cooperation agreement with China’s Contemporary Amperex Technology Ltd (CATL), among the world’s largest manufacturers of battery storage cells.
August 5, 2021
Unreliable methods of calculating irradiation in Africa could slash energy savings for commercial and industrial (C&I) solar buyers and reduce investment returns for developers and investors, new research has suggested.
July 28, 2021
Solar and storage provider Sunnova, SolarEdge Technologies and National Grid have partnered on a grid stability project in New England, US
June 16, 2021
Berkeley Energy has raised €130 million in the first close of the Africa Renewable Energy Fund II
June 14, 2021
Mozambique-based coal operator Ncondezi Energy has announced a joint venture (JV) with South African-based NESA to target South Africa’s C&I solar and storage markets.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
Solar Media Events
December 1, 2021