Wednesday, July 6, 2016

Goodbye Ghana - and a Yenso Summary

Goodbye Ghana! As our 5 week adventure comes to a close, we excited for the future of Yenso, but equally sad to be leaving. It’s hard to leave our friends, new and old, and our fledgling business. In the last week a ton of cool stuff has been happening, making it even more difficult to miss the excitement.
Business wise, the hardest part has been getting more lamps. We had a series of obstacles involving money transfers, shipping, orders, and such, but we finally got our hands on 50 more Sun King Pro 2s. Within hours of receiving the shipment, they sold nearly half. Hopefully in the near future, we will have the cash to buy in greater quantities.
We’ve finalized all the hiring for our management team. Sales operations will be run mostly by the marketing and training managers, Jude and Ernest. Our country manager, Michael, will be handling overall operations, accounting, partnerships, and more of the admin level stuff. Our network of sellers will continue to distribute lamps in their areas under the training and guidance of our managers. This set up has allowed us to spend more time working with manufactures, importers, and customers. We’ve been able to collect data from actual and potential customers; their feedback is crucial to evaluating and improving our efforts.
We met with representatives from Little Sun, a German company, who flew in to demo their products. They also produce solar lamps. Little Sun offers a smaller and cheaper alternative to the Pro 2. Though much less powerful, because the Little Sun is less expensive, it is a great option for students as a small study light. We’re excited to see how this could fit into our line up of products and help more students!
On the weekends, we have been able to travel to more rural areas to visit Harrison’s friends and explore the markets there. Visits to “the bush” have opened our eyes more to the greater need that exists in villages. Though city dwellers also love the Pro 2, those in rural areas sense a much greater value in the lamp. A village chief in Nyenase was particularly impressed, wanting us to return quickly with lots of lamps. He even offered to make Harrison a chief, official ceremony and all, if we gave him a lamps for free. Too bad one of the mottos is “don’t give anything away for free.”
Our objections to free handouts originated a long time ago, but they have only been solidified during our time here. If people, anywhere, get things for free there are a number of problems: 1) There is no sense of ownership or accountability, no thought of “I spent a lot of money on this, I’m going to take care of it.” 2) If you give things away for free and people actually want it, you probably won’t have enough to give away, and people will just sell it to those who want it most. Thus the purpose behind giving it away for free is defeated. 3) There is no sustainability. If we were giving these lamps away for free, we would have helped maybe 100 people maximum. Eventually, our money would have run out and we would have packed up and gone home. Done.
As a social enterprise, we allow the free market to drive our social impact. This resolves many of the above problems. 1) A Sunking Pro 2 is a little expensive. When a customer buys one, they understand that they are making an investment, and will take care of the lamp until it “earns its keep.” With adequate care, these lamps will last 5 years, saving them a lot of money. 2) The people who really want it, get it. Richer people buy it on the spot. Poorer people save or sacrifice until they can get the money together. The free market gets these lamps into the right hands. (Our installment payment method helps a ton with this.) 3) We are sustainable. Not only have we helped the original 100 people, but we are still growing, helping more every day. We employ 11 people and are still hiring. Our impact is increasing. As a for-profit business, we have attracted several interested investors. People interested in both social and financial returns are draw to social ventures.
We are excited and humbled to be able to work with one investor, Brigham Johnson. He is the owner of the Forever Young foundation school in Ghana, owns several other schools, banks, and microfinance institutions. He is interested in solar and is very well respected in many rural areas. We are super stoked to have him with Yenso, bringing experience, financial backing, and a ton of connections. Between him and our management team, we are confident we will be able to keep Yenso growing after we leave.
We spent a few days in Accra doing business stuff. We set up Yenso Solar as an official Ghanaian business. That had its fair share of legal fun. We are also worked on opening bank accounts and getting a better way to transfer money between Ghana and the US.

            Leaving Ghana, we traveled to the airport early in the evening, planning to sleep at the airport and avoid missing our early morning flight. As a classic end to our Ghana adventure, we realized halfway through the night that we had never actually checked the time on our tickets…and we were off by 12 hours. The good news? We thought our flight was 12 hours earlier than it actually was – meaning that we didn’t miss our flight. The bad news? We thought our flight was 12 hours earlier than it actually was - meaning that we unnecessarily slept in the airport and handed ourselves an extra long layover. J

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