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PEG Africa finances and deploys solar power to households and small and medium-sized enterprises (SMEs) in West Africa that lack access to an electrical grid. Their pay-as-you-go (PAYG) financing model allows customers to repay for solar home systems in small, incremental payments via mobile money, eventually owning the asset. This enables them to replace polluting fuels like kerosene with clean solar energy and gain access to financial inclusion.
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Frequently Asked Questions
What does PEG Africa do?
PEG Africa finances and deploys solar power to households and small and medium-sized enterprises (SMEs) in West Africa that lack access to an electrical grid. Their pay-as-you-go (PAYG) financing model allows customers to repay for solar home systems in small, incremental payments via mobile money, eventually owning the asset. This enables them to replace polluting fuels like kerosene with clean solar energy and gain access to financial inclusion.
How much funding has PEG Africa raised?
PEG Africa has raised a total of $33M in funding. The most recent round on record is Debt Financing.
When was PEG Africa founded?
PEG Africa was founded in 2013.
What is PEG Africa's current status?
PEG Africa's current operating status is: Acquired.