Amid the rising crisis in the electricity power supply in Nigeria, two companies one from the green energy sector and the financial services market decided to go into partnership to advance sustainable energy solutions and increase accessibility for communities.
The companies, BaobabPlus Nigeria, provider of cutting-edge solar technologies, has gone into a strategic partnership with Trade Lenda, a digital microfinance institution dedicated to financial inclusion sign a partnership in Lagos, Southwest Nigeria.
This dynamic collaboration seeks to revolutionise the energy landscape by offering hybrid solar generators, Solar freezers and Solar fridges on loan to customers. Leveraging the strengths of both organisations, this partnership aims to bring affordable solar solutions within reach of a broader audience while simultaneously promoting financial inclusion in underserved regions.
As the world’s demand for clean energy solutions grows, Baobab Plus Nigeria is committed to addressing the pressing need for accessible solar products. Through this partnership, the company will make its range of high-quality solar solutions, including solar-powered generators, fridges and freezers, available to a wider customer base.
Trade Lenda, with its expertise in tailored financial services and deep community connections, will facilitate the distribution of these solar products through microloans, ensuring that customers can harness the power of the sun without the initial financial burden. By offering favourable loan terms and flexible repayment options, this collaboration will create opportunities for individuals, business owners and communities to invest in sustainable energy solutions.
“This partnership reflects our shared vision of promoting renewable energy access and economic empowerment for SMEs in Nigeria” said Kolawole Osinowo, CEO Baoabplus NG “We are excited to work with Trade Lenda, an institution with a proven commitment to financial inclusion. Together, we will provide Small and Medium Enterprises with the means to access clean energy solutions that advance their business growth.”
Chief Operating Office, Trade Lenda, Olaniyan expressed equal enthusiasm about the partnership: “At Trade Lenda, our mission is to provide opportunities and unlock potential for SMEs to help them scale. Collaborating with Baobabplus Nigeria to offer solar products on loan aligns perfectly with our core values of financial empowerment and community development.”
The partnership between Baobabplus Nigeria and Trade Lenda is a testament to the belief that sustainable energy solutions should be accessible to all. By combining their expertise and resources, the two organisations aim to create a brighter and more sustainable future for communities, individuals and Small Business owners, one solar solution at a time.