Network Marketing-I just posted a blog on it..now you decide "Solar Energy" in (Africa).
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Posted By: Marta Fernandez on July 28, 2011 The ubiquitous Avon saleswomen traveled first by foot, then horse and buggy, and eventually by car to sell cosmetics door to door. In the process, the company built a global business that now earns $10 billion annually. Katherine Lucey, a former investment banker, is trying replicate some of that success in Africa, only her nonprofit Solar Sister sells solar lamps to the poor as a way of lighting up some of the homes of the 1.4 billion people without electricity worldwide. Solar Sister, now one year old, has supplied 107 entrepreneurs in Uganda, Sudan, and Rwanda with a $500 "business-in-a-bag" that helps launch ventures selling solar lamps door-to-door. In places like rural Uganda, where 95% of homes lack electricity, solar technology can cut down on expensive and polluting kerosene, while generating income through sales and charging services. Lucey started Solar Sister after frustration with the the high failure rate for larger solar energy systems in schools and homes. She figured she could get the model right, by closing the gender gap around technology use. Solar Sister's lamps are small, self-contained, and cost about $15 to $50. That's enough to provide light at one-tenth the price of a full solar system. Solar Sister operates as a a "micro consignment," rather than a franchise, giving their sales representatives inventory they can then sell without paying interest. Their earnings and savings from the business doubles household incomes, claims Solar Sister. The time, it seems, is right for personal solar technology, and this new sales model. Others such as Barefoot Power and d.Light design are innovating on price and quality. A new solar lantern for students from d.Light Design costs just $8. But Solar Sister claims its own metric of success: For every philanthropic $1 invested, its entrepreneurs receive $46 in economic benefits during the first year alone. Here is the background on the founder: Founder & CEO Katherine Lucey is the Founder and Chief Executive Officer of Solar Sister. After a 20 year career as an investment banker with expertise in the energy sector, Katherine retired from banking and turned her attention to finding a sustainable solution to the energy poverty that causes suffering to a quarter of the world’s population. Katherine determined that a practical, grass-roots, locally generated solution was needed. In addition to Solar Sister, Katherine has served as Chief of Operations for Arzu, Inc., a non-profit organization working to empower women in Afghanistan by providing employment and social benefits. She currently serves on the board of Solar Light for Africa, a not-for-profit corporation that brings solar energy to rural communities in East Africa, as well as several local charitable committees supporting education and the environment. She holds an M.B.A. from Georgia State University and a Bachelor’s Degree in Journalism from the University of Georgia. Who is going to get rich? the "sister is not a sister", did you catch the non-profit angle? If you enjoyed this article, Join HBCU CONNECT today for similar content and opportunities via email! |
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Marta Fernandez
From Queens, NY CUNY -Queens College class of 1985 Member Since July 2008 |
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