Guatemala: Low-cost solar lighting for rural communities - Proparco
In Guatemala, 1.6 million people live without access to electricity, especially in rural areas and continue to use candles, oil lamps and other diesel generators. The Guatemalan start-up Kingo Energy has set out to provide a response by developing clean and economical solutions for access to energy. It offers a kit, comprising solar panels and a box with a battery to store the electricity produced during the day. Users purchase their consumption per unit of time (hour, day, week or month), like with a mobile phone top-up. Proparco has allocated in 2016 a USD 1.7m loan convertible into shares in order to support the dissemination of clean and economical solution for energy access.