Digital Finance: Catalyzing New Energy Business Models
Over 1.3 billion people worldwide live without access to electricity. Modern, small-scale solar solutions are now on the market, and digital finance is going a long way toward making these more affordable and accessible in poor communities.
Digital Finance Helps Expand Access to Electricity
Mobisol combines solar energy with innovative mobile technology and microfinance. Their lease-to-own solar home systems are paid off through a microfinance installment plan via the customer’s mobile phones – making them affordable for households with low incomes in developing countries.
Water by Phone: Transforming Utilities in the Developing World
As World Water Day is being recognized around the globe this Saturday, we take a look at how mobile money is making clean water more affordable and accessible in Kenya.
Global Landscape of Digital Finance Plus
To illustrate the global landscape of Digital Finance Plus, CGAP has identified 55 companies providing innovative solutions in the energy, water, health and agriculture sectors.
Improving Education with Financial Innovation, Chapter-by-Chapter
Kytabu is a Kenyan-based company that offers a textbook subscription service where users can pay in small increments for individual chapters of textbooks and read the content on their cell phones. The company hopes to make educational materials much more accessible and affordable in Kenya.
Expanding Water Services with Digital Finance
Upon realizing that rural community water projects were often unsustainable due to poor accounting systems, Grundfos conceptualized a pay-as-you-go (PAYGO) model that improves community water management by increasing transparency and reducing the reliance on cash.
Increasing Clean Energy Access through Digital Finance
Angaza is one of many new businesses helping to increase access to clean energy by providing innovative financing options.