Tuesday
March 15
2022

Baobab+ Launches Pay-As-You-Go Solar in Nigeria

Baobab+, a Pan-African group already present in Senegal, Côte d’Ivoire, Madagascar, Mali, and more recently in Nigeria and DR Congo, has equipped 240,000 households and served more than 1,500,000 beneficiaries in the past six years.

Eighty-five million Nigerians don’t have access to grid electricity. This represents 43% percent of the country’s population and makes Nigeria the country with the largest energy access deficit in the world.

Baobab+ deployed its activities in Nigeria recently. The distribution of solar products started through Baobab MFI Network (parent company) as a top-up loan for its clients; a dedicated Hybrid green loan for productive use solar systems for Small businesses is also available.

Photo courtesy of Russell Watkins/DFID.

Source: Pulse Nigeria (link opens in a new window)

Categories
Energy, Finance
Tags
electricity, financial services, Off Grid Energy, small business, solar, sustainability