PEG GHANA LIMITED

Company Profile

Company :PEG GHANA LIMITED
City :
Accra
Country :
Ghana
Industries :
IT, software engineering, Internet
Electricity, water, gas, nuclear, energy
Website :
Company Description

PEG was founded in 2013, as an asset financing company that uses mobile technology to provide consumer-financing solutions for solar and other products to low-income customers in West Africa. PEG’s management team has started several companies in Ghana, and their last company was acquired by a private equity firm in New York City. We have raised funding from Rockefeller and Lemelson Foundations, Enbridge Energy, the GSM association, and Persistent Energy Partners. 

The company’s first commercial application is solar systems, which following successful pre-commercial piloting with 500 households this year, is due for commercial roll-out in Ghana in late 2014.  PEG will target 20,000 customers in 2015, and 100,000 by 2016. With this growth, comes several opportunities for growth within the company.  

Through PEG’s solar products, customers use mobile payments such as Tigo Cash and Airtel Money to pay for a home solar lighting system on a “pay-per-use” basis, making the transition to cleaner energy much more affordable, especially to low-income users.  

Our products are distributed and sold through a network of local agents and outlets who are paid commission when customers send payments. A network of regional offices is responsible for recruiting and managing agents, stock management and local marketing.