Kolawole Osinowo emphasized the company’s commitment to addressing the rising demand for affordable solar products. He highlighted the availability of a diverse range of high-quality solar solutions, with prices ranging from N499,000 to N5m, catering to a wider customer base.
In a strategic move to combat Nigeria’s persistent power challenges and ensure business sustainability for Small and Medium Scale Enterprises (SMEs), BaobabPlus Nigeria has forged a groundbreaking partnership with Trade Lenda, a digital microfinance institution dedicated to fostering financial inclusion for micro, small, and medium-scale businesses.
The alliance aims to offer SMEs access to alternative solar energy solutions provided by BaobabPlus, thereby providing a reliable substitute for the erratic national grid supply.
Through the collaboration, Trade Lenda will extend credits to SMEs, enabling them to acquire various solar energy solutions, including hybrid solar generators, solar freezers, and solar fridges, offered by BaobabPlus.
Chief Executive Officer of BaobabPlus, Kolawole Osinowo emphasized the company’s commitment to addressing the rising demand for affordable solar products. He highlighted the availability of a diverse range of high-quality solar solutions, with prices ranging from N499,000 to N5m, catering to a wider customer base.
Trade Lenda, leveraging its tailored financial services and community networks, will facilitate the distribution of these solar products through microloans, ensuring that customers can access solar power without facing a significant upfront financial burden. By offering flexible repayment options and favorable loan terms, the collaboration is set to create opportunities for individuals, business owners, and communities to invest in sustainable energy solutions.
Expressing enthusiasm about the partnership, Oyindamola Olaniyan, COO of Trade Lenda, reiterated the institution’s mission to bolster the growth of SMEs by providing them with the necessary tools and support to scale their businesses.
The collaboration between BaobabPlus and Trade Lenda aligns with their shared vision of promoting renewable energy access and fostering economic empowerment for SMEs across Nigeria.