GSMA - Mobile for Development’s Post

Koolboks is leveraging #IoT and #DigitalTechnologies such as PAYG to explore innovative financing mechanisms and widen affordable energy solutions in Nigeria. ⚡ Incorporating IoT monitoring ensures that customers are diligent in making timely payments to avoid locking and hence decreasing the default rates. Combined with a comprehensive know-your-customer (KYC) system, the PAYG model enabled Koolboks to achieve a low portfolio at risk of (~3%). Find out more in our latest #DigitalUtilities blog: https://bit.ly/3XaC4Ob #EfficientEnergy #RefrigerationSolution #SolarPowered #AffordableEnergy #FCDO

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