ReadyPay Solar Power System

We build and sell products to change lives. Designed for both radical affordability and high quality, Fenix’s solar home systems deliver rugged, ultra-efficient consumer electronics technology to remote, off-grid households. We study energy spending data in depth and build pricing plans based on what our customers can afford.

At the heart of our technology is our lockable smart power system, ReadyPay Solar Power. It’s a high-quality solar power ecosystem that transforms sunlight into energy to run phones, lights, radios, TVs, and more. Customers set up the solar kits themselves, and can upgrade by adding more panels, lights, and accessories.

ReadyPay Power System

Some families want a TV, and others just want to charge a phone and run a few lights. Our wide range of ReadyPay Solar Power Systems meets the needs and budgets of many different households. Each solar home system-in-a-box, regardless of size, includes solar panels, energy storage, and appliances. Customers can self-install and start accessing clean power in minutes.

Solar Panels
High Efficiency TV
ReadyPay Power System
Phone Charging Cables with Interchangeable Tips
Ultra-bright LED Light Bars
ReadyRadio with Torch

Lease to own

Our back-end platform and proprietary vetting process let us finance previously unbanked families. Customers make a deposit and self-install their system. They then pay off the remainder of the loan in daily, weekly or monthly payments via mobile money (a phone-based system that lets users send and receive money). With each payment, a customer receives a secure code via SMS to unlock their kit until the next payment is due.

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Customer is approved, pays a deposit and takes home the kit. He self-installs the plug-and-play system and receives 7 free days of power.

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The ReadyPay Power System locks until the customer makes a payment.

Customer sends a payment to Fenix via Mobile Money.

Fenix’s database receives the payment, generates an unlock code, and automatically sends the customer an SMS.

Customer receives the SMS with unlock code on their phone.

Customer enters the unique code using their remote.

ReadyPay Power System unlocks for a specific period of time, depending on payment size.

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Once the customer has paid off the full loan amount over 18 to 30 months, he owns the ReadyPay Power System. The kit unlocks permanently, or he can purchase additional products and services which Fenix collateralizes by re-locking the power system.

Build Credit

As they repay their loan, customers build both ownership in their system and a repayment record. Our data scientists analyze repayment histories across our portfolio to create a next-generation credit score, allowing us to offer additional products and loans to credit-worthy customers.

Start small and upgrade over time.

Families can purchase an ultra-affordable solar system, designed specifically to match low energy budgets. After repaying for several months and establishing a new credit score, they can then expand their system via either Power Upgrades or Financial Upgrades. With our ReadyPay Power lockout technology, we’re able to collateralize the new loans and allow customers’ systems to grow with their needs and budgets.

Power Upgrades

Power upgrades expand battery capacity, add solar panels, and include an additional appliance such as a lantern or radio, so families can increase the size and utility of their system.

  • Battery

  • Clean Cookstove

  • Radio

  • Satellite TV

Financial Upgrades

We will soon begin to offer financial products such as education or crop loans to customers who have established a creditworthy repayment history.

  • School Fee Loan

  • Agricultural Loan

  • Home Improvement Loan

  • Health Insurance

ReadyPay Home

in 2020

With an expanded product line and a variety of power and financial upgrades, the ReadyPay Home in 2020 will be brightly-lit, well-connected, and smoke-free. We want every family to be able to lead more productive, healthier lives, and this starts with their homes and their financial well-being.