PAYGO TECHNOLOGY EMPOWERING WOMEN IN RURAL COMMUNITIES
By Vania Matola FSDMoç Investment Analyst
In partnership with Epsilon Energia Solar and SolarWorks! FSDMoç is promoting access to energy to low-income households through Pay-as-you-go (PAYGO) technology.The PAYGO technology …
By Almeira Paruque FSDMoç Investment Analyst
This article aims to highlight the role played by women in the dynamization of the agency banking model, implemented by BancABC and Letshego, with the support of FSDMoç, whose objective is to expand ….
In partnership with Epsilon Energia Solar and SolarWorks! FSDMoç is promoting access to energy to low-income households through Pay-as-you-go (PAYGO) technology.The PAYGO technology combines a solar home system (SHS) with the mobile money platform. The solar companies are offering a 3, 6, 12 and 18 months payment plans to rural communities in Maputo, Gaza, Inhambane, Sofala and Manica provinces allowing them to gain access to solar energy and the benefits of increased safety, added study time, extended business hours.
Solar household kits are not only bringing light to communities, but support income generating activities. By being financially included and using digital financial services to acquire life changing assets, rural communities can create opportunities for themselves to supplement their monthly incomes.
Here is the story of one such rural entrepreneur, Atália Samuel Mahumana, a 43 years old woman, mother of 5 children who lives at Timakene, a neighborhood in Manhiça located 15 Km from the national electric grid. Atália is harnessing solar power for a wide range of benefits.
“The PAYGO model provides safe method of payment via M-pesa. I’m in better position to invest in appliances of my choice, save time avoiding walking by foot to procure oil or charge my mobile”-shared Mrs. Mahumane.
Atália was able to entice members of her community to purchase the solar kits by explaining how solar power could enable longer working hours. By using SHS to power her own house, Atália also was able to power her own business and inspire other women within her community.
Atália’s income comes from small food retail business and from raisin chicken. She decided to use solar system in 2017 once she understood the benefits of PAYGO payment plans provided by SolarWorks!
Since her husband is working in South Africa, she asked for his permission to purchase the solar kit. Despite Atália’s financial contribution, she requested approval from her husband before planning to use the SHS. Today Atália is more confident as she is earning more income. A change that allowed her to support her business and be financially independent.The PAYGO model will open access to other financial services, as well as goods and services, and economic opportunities. FSDMoç will continue to forge and deepen partnerships that will drive broader systemic change and benefit women in Mozambique.
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This article aims to highlight the role played by women in the dynamization of the agency banking model, implemented by BancABC and Letshego, with the support of FSDMoç, whose objective is to expand the network of banks’ agents, through the development of products and marketing strategies for the rural areas, as well as training of agents and financial education of clients.
To promote the participation and reduction of the obstacles faced by women, these projects have sought to boost their participation, which currently represent about 20% of BancABC and Letshego agents, whose reports show that they are very satisfied and feel that the work has improved through the digital financial services provided by the banking platforms.
Notwithstanding the challenges encountered during implementation, which are summarily related to legislation, infrastructure and commissions, the projects have had a significant impact in the country, contributing on the one hand to women’s empowerment as banking agents, with the necessary financial abilities to perform their domestic and professional responsibilities and, on the other hand, for improving their daily income through the provision of financial services to the population living in remote areas, with low levels of literacy.
At present, the projects count on 54 thousand clients, in the Provinces of Maputo, Gaza, Inhambane, Zambézia, Niassa, Tete, Sofala, Manica and Nampula, with a forecasted extension to the remaining provinces of the country, by the end of 2019.
It should be noted that these and other projects supported by FSDMoç, have the purpose of offering recommendations to the whole market, for developing innovative and more appropriate products for the low-income population, considering specific women and other underserved groups’ needs, aiming to increase the levels of financial inclusion in Mozambique.
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