Maisha Bora Sacco has partnered with Startimes to offer affordable solar kits to its members through low-interest financing options. The initiative allows members to purchase the kits in installments, thereby making it easier to adopt clean energy.
Transition to Cleaner Energy
Maisha Bora Sacco has announced a new partnership with Startimes to provide affordable solar kits to its members. This collaboration aims to make solar energy more accessible by offering low-interest financing options for Sacco members who want to switch to sustainable energy sources.
Through this partnership, Sacco members will be able to purchase solar kits from Startimes. The financing options available will make it easier for members to adopt solar energy by allowing them to pay in installments, which reduces the burden of upfront costs. The initiative is part of both organizations’ efforts to promote the use of renewable energy in Kenya.
Startimes CEO Carter Luo emphasized that the program aligns with the company’s commitment to environmental conservation. Luo explained that Startimes’ goal is to provide affordable solar kits that can help people transition to cleaner energy.
"By empowering Sacco members with affordable solar solutions, we can contribute to a cleaner and more sustainable future," said Luo. He highlighted the importance of making solar energy accessible to communities that may not have had the financial means to switch to renewable energy before.
Solar Kits Powering Kenya’s Clean Energy Movement
Solar Kits Powering Kenya’s Clean Energy Movement (Image- Collected)
Maisha Bora Sacco CEO Gregory Siro echoed Luo's sentiments, stating that the financing model is structured to meet the needs of Sacco members. Sacco has designed the program so members can pay for their kits in manageable installments. Siro pointed out that this will make the adoption of solar energy more attainable for many families.
"We recognize the growing demand for solar energy, and through this partnership, we will provide our members with the financial support they need to adopt these innovative solutions," said Siro.
This partnership between Maisha Bora Sacco and Startimes is happening as solar energy gains momentum in Kenya. The increasing cost of electricity — coupled with the global push for clean energy — has spurred a growing interest in solar solutions. These kits offer an affordable and reliable way for households and businesses to generate their own electricity.
Kenya has seen a significant rise in solar power generation, with production reaching 491.48 million kilowatt-hours in 2023. This represents a 28.1% increase from the previous year. This growth follows the commissioning of the Alten Kenya Solar Farms plant in Uasin Gishu, which has significantly boosted the country’s renewable energy capacity.
Benefits of the Solar Kits Financing Model for Sacco Members
The financing model offered by Maisha Bora Sacco and Startimes will make it easier for Sacco members to purchase the kits without the financial strain of paying upfront. Instead, members can pay in smaller and manageable installments, which makes the transition to solar energy more affordable.
For Sacco members living in areas with unreliable electricity, these kits will provide a consistent source of energy. This will enable them to reduce their dependence on expensive alternatives such as diesel generators, and switch to a more cost-effective and environmentally friendly power source.
Moreover, the kits offer long-term savings for households. By generating their own electricity, families can reduce their monthly energy bills. Solar power provides a cheaper alternative to traditional energy sources and allows households to cut their overall energy expenses.
The environmental benefits of using solar kits cannot be ignored. Solar energy is a clean and renewable resource, which means that it helps reduce carbon emissions. By promoting the use of the kits, Maisha Bora Sacco and Startimes are contributing to Kenya’s overall efforts to combat climate change.
As Kenya continues its transition to renewable energy, solar kits will play an increasingly important role in the country’s energy landscape. The partnership between Maisha Bora Sacco and Startimes is just one of many initiatives that are helping to make clean energy more accessible to all.