Tanzania Solar Container Earthquake-Resistant Financing Solution

3 FAQs about Tanzania Solar Container Earthquake-Resistant Financing Solution

How does Zola finance solar homes in Rwanda?

ZOLA has created a scalable financing mechanism through its Million Solar Homes Fund. This debt facility allows the company to grow from 100,000 to 350,000 customers in a low-cost, non-dilutive manner. ZOLA is now exploring similar financing vehicles in Rwanda as well as other new geographies.

Why is kerosene a problem in Tanzania?

In Tanzania, between 80-90% of the country lacks access to electricity. Most families living in rural off-grid areas use dim kerosene lamps to light their homes at night. Burning fuel inside pollutes the air with harmful particles, which can irritate the eyes and lungs, and puts children at risk of accidentally burning themselves.

How much does Zola cost in Tanzania?

Through ZOLA's financial solution, its services are affordable to 80% of Tanzanian households today. The cost of the ZOLA service is on par with kerosene for lighting (typically US$0.25 per day), and customers can pay in the way that suits them best. ZOLA's work benefits numerous groups, including young men and women in Tanzania and Rwanda.

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