- Most Read
Food Poisoning Expert Reveals The 6 Things He Would Never Eatby Eric Pfeiffer
UT-Austin Students Protest New Campus Carry Law By Bringing Sex Toys To Classby Tod Perry
An Olympian Who Just Died Tragically In Rio Has Already Saved Four Livesby Eric Pfeiffer
Comedian Patton Oswalt Writes Moving Post About Missing His Late Wifeby Adam Albright-Hanna
Why This Olympic Swimmer Gives His Dad The Middle Finger Before Every Raceby Eric Pfeiffer
This Infographic Shows How Only 10 Companies Own All The World’s Food Brandsby Kate Ryan
Hurdler Falls Victim To The Cruelest Rule In Olympic Sportsby Tod Perry
This Is What School Lunches Look Like Around The Worldby Adam Albright-Hanna
20-Year-Old Diver Is The Victim Of More Sexist Media Coverage Of The Olympicsby Eric Pfeiffer
How Pay-As-You-Go Solar is Bringing Light to Rural Guatemala
by Adele Peters
In Guatemala, over two million people live without electricity. Solar power can help, but even the cheapest solar products are often out of reach for these families. A small company called Quetsol is working on a new way to let people purchase electricity over time: pay-as-you-go solar.
Quetsol, started by Guatemalans Juan Rodriguez and Tono Aguilar, started selling small solar kits in 2010. Their customers applied for microloans through banks to pay for the kits, but the banks haven't been able to keep up with demand; right now, half of Quetsol's customers are still waiting for their applications to be processed. So Quetsol decided to take on the financing problem themselves.
Here's how it works: a customer can use their cell phone to sign up for a Quetsol account, and they can also use their cell phone to pay for power as they go. As Quetsol's founders explain on Indiegogo:
No more eight-hour trips to bank branches, no more unjustified rejections and lost applications by the banks. No more waiting for an energy solution for Guatemala's poorest residents when it is right at our fingertips. Pay-As-You-Go solar kits will put the power to achieve their energy goals in the hands of our clients, and not the banks. In turn, Quetsol will offer a lifetime warranty on every solar kit: Each battery change and kit repair will be on us.
Original image courtesy of Quetsol