SolarHome, a Singapore-based solar energy company, plans to enter the Cambodian market this year, introducing the Pay-As-You-Go (PAYG) model for off-grid households in the Kingdom.
The company has also announced plans to establish a presence in Indonesia and the Philippines.
SolarHome offers a solar lighting system based on a subscription plan. Customers make an initial $10 down payment, which is followed by daily, weekly, or monthly repayments through scratch cards or mobile money.
After completing the payment plan, the system is “unlocked’ and transferred to the customer. According to a company press release, this “rent-to-own” model enhances customers’ access to financing and increases the affordability of their solar energy solutions.
