Working with PFIs, UECCC facilitates households and commercial enterprises to acquire solar systems on credit.
This Programme extends loans to Households and Commercial enterprises and addresses the affordability barrier posed by the initial upfront cost of buying Solar systems.
PFIs currently offering this product with support from UECCC include:
|1.||Centenary Bank Uganda||0800200555|
|2.||Post Bank Uganda Limited||0800217200|
|3.||Finance Trust Bank||+256-414-341275|
|4.||Pride Micro Finance Ltd||+256-754-346 930|
This financing facility was developed in 2015 to establish linkages with target communities through Savings and Credit Cooperative Organizations (SACCOs) and Member Organizations (not regulated by Bank of Uganda). Already, this facility has increased the penetration of off-grid solar PV solutions for rural electrification
This facility is still at the Pilot stage and available at the following institutions;
Successful conclusion of the pilot will lead to a country-wide rollout of this facility with more SACCOS and Microfinance institutions offering financing for Solar PV lighting solutions