NOTS Solar Lamps to Invest $70 Million in Solar Home Systems Manufacturing in Rwanda

NOTS will invest $70 million (~$4.79 billion) over a five-year duration into a manufacturing unit for solar home systems. This facility will be a first of its kind in Africa and will be accompanied with a microloan credit scheme and marketing infrastructure.

NOTS is experimenting with a consumer sales and finance model in Rwanda. The microloan system can be availed by these families to buy the systems. Repayment will occur in 100 fixed, weekly payments. The complete cost inclusive of the interest on the loan is $60.

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