Kayor Rural Energy, Rural Electrification by Photovoltaic Solar Energy
Facilitating access to modern, clean and renewable energy in rural areas
Founded in 2006 by the farmers union of Mékhé, KAYER, together with microfinance institutions, provides renewable energy solutions to the households and organisations in the non-electrified areas. Energy is considered as a development factor for local socio-economic dynamics/actors. KAYER, in partnership with microfinance institutions, offers solar photovoltaic systems for rural households. The households finance the solar station with a credit granted by an MFI partner. They become owner of the bought material and pay it with monthly installments according to their incomes. This model aims to reach the low-income households while limiting the financial risks for the enterprise.
Union of Peasant Groups of Mékhé (UGPM): majority partner, pilot the company and coordinate the relations between the different partners.
Rural Cooperative Savings and Credit of Cayor (CREC): offers a solar micro-credit offer to individuals.
International Solidarity for Development and Investment (SIDI): provides advice on management and a line of credit (10-year equity loan) to refinance facilities at an affordable cost.
The company Alternatives Energétiques: brings his technical expertise for the transfer of skills.
The Midi-Pyrénées Region and the NGO Fratelli Dell'Uomo: have provided, respectively, start-up grants, and support for the institutionalization of the workshop.
The Senegalese association Jappoo Development: an enabled the realization of various support missions.