Solar water pumps provide a viable and reliable means of irrigation to rural farmers, who presently rely on unpredictable, seasonal monsoon rain and/or expensive diesel pumps for irrigation. The solar water pumps are integrated with in-house built “Smart Meters”, which trace live data about the water and power usage patterns of farmers. We are on track including additional parameters – PH concentration, soil moisture, etc. – into the Smart Meters. Following these additions, we will be able to assess and process these data through a series of algorithms to enhance the cropping practices of farmers. This is the first mainstream use of data-driven approach to agriculture in Nepal.
Besides the physical product, Gham Power also provides easy pay-as-you-go financing services that will reduce the initial cost borne by farmers. We have made our product available in 20 districts of Terai, the agricultural hub of Nepal.
Who is it for?
Rural farmers cultivating cash crops such as sugarcane, fish and vegetable
Farmers irrigating their farms using diesel generators
Farms with easy access to underground boring systems
How does it work?
Farmers contact GhamPower agents closest to them with a letter of intent to purchase Solar Water Pumping Systems. Agents collect and upload farming and other information related to the farmer into our online platform – offgridbazaar.com(OGB).
Algorithms in our OGB platform estimate year-round water requirement for the farmer and recommends the most optimal and cost effective Solar Water Pump design for their farm.
Our algorithms compute a bankability score – an alternative credit score for the farmer detailing the risk of default – for the farmer and display it in Offgrid Bazaar. This personalized risk assessment tool helps investors decide on safe and high impact projects. Potential donors/investors access this bankability score along with other impact metrics to decide on probable investments
Investors – impact investors, multilateral development agencies, Government entities –fund these projects either as a grant or a debt. Grants subsidize upfront costs for the farmers and debt ensures flexible pay-as-you-go financing options for the farmers. When 100% of the required fund is met, GhamPower installs Solar Water Pump for the farmers.
Investors track regular operational and impact data from the projects they have invested in. This allows investors and GhamPower remote access to each of their investments. This transparent tacking of operational data ensures that farmers are accountable towards repayment of debt equity.
Farmers enjoy increased yield and income by utilizing year-round irrigation in their farm. GhamPower agents collect monthly installments from farmers and repay it to investors via mobile money platform. Investors are repaid in full within the first three years of investment along with an attractive return.