M-Kopa reveals Sh5.2bn cost of tracing defaulters

M-Kopa solar kit and a digital solar powered TV during the launch of the TV at M-Kopa Solar offices in Nairobi.

Photo credit: File | Nation Media Group

 Solar power kits provider M-Kopa has revealed a Sh5.22 billion cost of tracing defaulters, reflecting the challenge of sustaining its pay-as-you-go service model that targets mostly the poor in rural areas.

In a tax dispute, M-Kopa disclosed the bill required to trace and force 47,625 customers it regards as hardcore for having refused to pay Sh308.5 million for lighting kits supplied on credit.

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Note: The results are not exact but very close to the actual.