- Most Read
Daughter Gives The Heartfelt Reasons For The Brutal Obituary She Wrote For Her Fatherby Penn Collins
‘Rogue’ Twitter Account Claims To Be Resistance Inside Trump’s White Houseby Eric Pfeiffer
How To Celebrate “Not My President’s” Dayby Andre Grant
Here’s What Would Happen To America If Californians Lost Federal Fundingby Kate Ryan
McDonald’s Just Introduced A Complicated New Straw That Has Everyone Scratching Their Headsby Penn Collins
The Delicious Tingly Sensation That Travels From Your Brain To Your Spine, Explainedby Crystal Ponti
Woman Bravely Shows What Losing 110 Pounds Really Looks Likeby Tod Perry
What It’s Really Like To Live With Schizophreniaby Allie Burke
This Simple Puzzle Stumped A Man For 10 Years Before He Solved It...With A Little Helpby Penn Collins
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