Brazil’s Youmma has developed a pay-as-you-go solar-powered fridge that is being snapped up by small business owners. The fridges help to reduce food waste, store medication safely, and allow shops to keep products fresh for longer, says André Morriesen, research and development manager at Nidec Global Appliance, which owns Youmma. Of about 2,000 fridges sold since Youmma launched it in 2019, around 80% were to small businesses, he adds.
Customers pay for the fridge in daily installments via cell phones, through M-Kopa, a Kenyan solar energy company. New M-Kopa customers pay a $100 deposit. Daily payments range from $1 to $1.50 for a package that includes solar lighting and covers the installation of a rooftop solar panel. If a user doesn’t pay, the fridge stops working until they do.
Read more: CNN Business