RK Planet Greener LTD Solar Water Pumping project-pays as you go

RK PLANET GREENER limited intends to introduce solar water pumping project in Sengerema District, Mwanza region, in Tanzania. The project idea involves the supply and installation of solar water pump in the selected project areas on hire purchase basis with PAY AS YOU GO model of repaying. . The project plans to buy complete sets of solar water pumping from the recognized manufacturers /suppliers and then supply on loan bases to the identified farming groups in the selected villages. It is planed that the loan given to the farming groups will bear an interest rate of 10% per annum and will last for four years. Frequency of loan payment with interest will be decided between RK PLANET GREENER a limited and loaned group. However the company is planning mode of payment to be twice per year.