RISE is a solar power distribution partnership between an experienced rural renewable energy product distributor, and one of Tanzania’s largest agricult ral commodity traders. With the goal of making renewable energy services available and affordable to consumers, the enterprise is lighting up communities in the most rural of Africa’s eastern regions while generating income for local sales agents.
RISE will leverage its relationship with NIWA, its firs t supplier partner that has made the bulk of its product line available to R ISE on terms that will enable Sollatek to affordably finance their distribution. RISE will contribute retained earnings to financing the project, in addition to other funding options that will be explored as the enterprise grows, suc h as further debt facilities and corporate equity from its partner Sollatek, which is an experienced rural renewable energy distributor and has led the planning, partnership formation, and implementation of RISE since late 2014.
RISE trains local sales agents in business and sales skills, and on benefits , uses, and technical aspects of solar technology. Thus, the agents are able to successfully market the products while creating awareness in local communities. It will automate as much of the distribution process as possible to ensure low distribution costs and rigorous up-to-date tracking of all sales and distribution. It also leverage its relationship with Olam Tanzania, the largest agricultural commodity traders and contributing access to its extens ive network of rural trading posts and smallholder farmer trading partners.
RISE deploys an innovative scheme of loaning for free solar lanterns which a re returnable in exchange for credit on SHS systems enables familiarisation with the technology at no upfront cost. Working with complementary partners, the enterprise offers innovative consumer financing, and utilises existing distribution networks in rural areas.