Here's what you need to know about a new stokvel to help you go solar | Business

But when there's a will, there's a way. And sometimes, that way points you to an existing solution. Founder and CEO of SunKissed Technologies, Tebogo Sehume, recently told News24 that his startup is looking to stokvels to help people afford solar PV installations.

"We realised that to deal with load shedding, solar is a solution, but the problem with solar is that it is really expensive," said Sehume."We decided to leverage this financial system, stokvels, to help people afford solar systems," he explained. SunKissed Technologies will install the solar PV systems immediately, without upfront costs. But the stokvel members will then help each other pay off their systems over 12 months.

According to Sehume, SunKissed Technologies is relying on equipment from a local supplier, SkyNet Solar. The five-person team at SunKissed Technologies includes a chief financial officer, a chief technology officer, head of sales and marketing and an electrical engineer to certify the installations.SunKissed Technologies offers three different kinds of solar PV systems.

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