WHAT IF EVERYONE HAD ACCESS TO SUSTAINABLE BASIC SERVICES?
In Mexico, hundreds of thousands of households don’t have access to electricity, clean drinking water, or safe hot water systems. The families that have the least economic resources often have to pay for the most expensive energy, despite using so little.
At Graviti, we sell sustainable products that cover basic needs which are paid in monthly instalments to low-income, unbanked families. We accomplish this by solving the main challenges that prevent families from acquiring these products: financing and payment. We have developed a marketplace of microfinance institutions and distributors of solar heaters, purification systems and photovoltaic systems that allow us to offer these products with financing – without having to provide the financing, inventory, warehouses, facilities, maintenance, or cover guarantees. This makes our model highly scalable. At the same time, we allow users to pay their credits in cash weekly, biweekly or monthly in up to 45,000 correspondents.
FUNDING WOULD ALLOW US TO…
We have managed to provide basic services to more than 1,100 families, which directly impacts more than 4,000 people. We currently save 60% of our users' previous monthly expenses and install 25 systems a week with a 10% weekly growth. For half of our clients, our financing is the first they have had.
Funding would allow us to bring basic services to more than 300,000 people in one and a half years. This would be by increasing our marketing in order to reach more families, as well as growing our sales and technology teams to develop important tools. On top of this, we will continue to improve our web platform with additional features that will allow us to include more distributors and more microfinance institutions to expand our geographic reach.