Every Nigerian needs stable power supply for their day to day activities: Remote workers, MSMEs, households, the list is endless. With the recent fuel hikes and power grid collapse, it’s only apparent that these existing form of electricity generation is not sufficient to meet the needs of the ever-growing Nigerian population.
The next best alternative is getting a solar system. However, a lot of Nigerians cannot afford to pay outright for a solar system. This very reason is why Circool by SolarCorp was created.
Launched in October 2024 by Nigerian Renewable Energy Company- SolarCorp, Circool is a platform built to help Nigerians (and eventually, the rest of Africa) save towards geting a solar system. Think of Circool like your traditional digital-only savings apps like PiggyVest or CowryWise, but for saving towards a solar system specifically.
The goal of Circool is to ensure that everyone has access to stable and clean power supply regardless of their income.
How Circool Works
Sign up: Users sign up with their details
KVA Test: Users choose the applicances they want to power
Savings Target: Users choose a savings target (e.g 50-100%) of the actual product price
Circool’s Advantage
Circool’s biggest advantage for users is that they can request a solar installation after they’ve reached 50% of their savings target. This means that if your solar system is N500,000 and you’ve saved up to N250,000, you can request an installation and pay the rest over a period of time.
Circool also operates on a zero interest rate charge, which makes it more financially convenient for users
The platform now has over 200 savers and has successfully carried out installations for over 20 of their savers.
