This SME manufactures self-contained domestic solar water heaters which costs a quarter of the price of currently imported units, affordable for even low-income households. The heaters are a technological breakthrough that will benefit not only the rural poor in the developing world, but potentially developed markets as well. They are more reliable than current models, as they use less complex machinery, and use no electricity or fuel to operate, providing additional environmental benefit.
This SME is seeking $250,000 USD of financing to build a mass production facility for the next generation of solar water heaters. A Ugandan development agency will provide the majority of financing through a zero-interest loan.
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