Pay-as-You-Go Solar for Poor Customers
Two of the greatest success stories in digital finance are the rise of digital credit and the surprising growth of PAYGo solar. Yet both products complicate the traditional idea of what credit to the poor should look like, namely that it should only be for productive uses.
From March through May of 2017, researchers from a CGAP, FIBR, and Mastercard Foundation joint project interviewed almost 140 households about PAYGo solar, their finances, and the intersections between the two. This blog series explores the customer’s perspective on asset loans, lifestyle improvements, and how very poor households are able to afford them.