Tuesday
December 1
2020

Zambian Startup Widenergy Raises New Funding to Scale Its Impact

WidEnergy, the name of which is an acronym for “Women in Development,” reflecting the startup’s goal of engaging women as active participants in Africa’s energy transition, leverages a pay-as-you-go (PAYG) model to provide solar-powered homes and appliances.

The startup works with female sales agents to distribute renewable energy solutions across Zambia, focusing on core competencies in lending and distribution to develop a high-quality lending portfolio with minimised default risks.

Photo courtesy of andreas160578.

Source: Disrupt Africa (link opens in a new window)

Categories
Energy, Entrepreneurship
Tags
energy access, scale, social impact, solar, startups, sustainability, Women, women entrepreneurs