There are a number of startups now offering pay-as-you-go finance solutions that enable people at the base of the economic pyramid to access home solar units. For people in communities off the electricity grid, these solar home units are an effective way to get access to affordable and safe energy.
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Globally, over 1.3 billion people lack access to electricity, and another 1 billion people have unreliable connections to national electricity grids. Startup energy enterprises are leveraging digital finance to deliver modern energy to the poor, sold on a pay-as-you-go basis.