Table 3.

Analytical framework for mapping the SELCO business model

Business model elementBusiness model sub elementsFrugal parameters
Value propositionProduct offeringSolar energy solutions
Target marketRural communities, underserved areas
Value propositionReliable, affordable, sustainable
Value creationTechnologySolar panel efficiency, innovative design
Distribution channelsLast-mile delivery, community-based approach
InnovationCustomised solutions, modular systems
Value capturePricing strategyFlexible payment plans, micro financing options
Revenue streamsProduct sales, installation services
Cost structureLow operational costs, minimal overhead
PartnershipsLocal NGOs, government agencies
Source: Author’s own compilation

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