M-KOPA Solar - Technology and Partnership for Sustainable Finance
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Case Code: CSRS009 Case Length: 14 Pages Period: 2001-2016 Pub Date: 2016 Teaching Note: Available |
Price: Rs.500 Organization: M-KOPA Kenya Limited Industry: Energy Sector Countries: Kenya Themes: Sustainable Finance Models, Sustainability |
Abstract Case Intro 1 Case Intro 2 Excerpts
Introduction
M-KOPA Solar was selected as the world's top New Energy Pioneer at the Bloomberg New Energy Finance (BNEF) summit held on April 7, 2014, at New York. The award recognized companies that developed innovative technologies and had sustainable business models and the potential for global level operations. Speaking on the achievement, Jesse Moore, Co-founder and Managing Director, M-KOPA, said, "We're delighted to be recognized as a new energy pioneer. We dedicate this to our 60,000 pioneering customers in Kenya and Uganda. By connecting to M-KOPA Solar they are investing in a better, healthier, brighter future for their family. This award is made possible by the hard work of the M-KOPA Solar staff and agents, as well as our fantastic partners and investors." M-KOPA Solar business model was primarily built around integration of asset-financing with contemporary mobile and innovative solar technologies. M-KOPA Solar offered energy solutions to thousands of low-income and off-grid customers on a PAY-AS-YOU-GO (PAYG) basis which allowed the customer the flexibility of payment based on their convenience. The back-end team of M-KOPA Solar monitored the process of repayments and controlled the functioning and usage of M-KOPA Solar with the support of an innovative Machine-to-Machine (M2M) Technology.
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