Tecnosolucion SA (TECNOSOL)

Since 1998, Tecnosol has worked to improve access to electricity in rural areas of Nicaragua. It offers customers a range of products, including lighting systems, solar-powered refrigeration, water pumping systems, wind and hydro-electric systems, that range in price from $250 to $2,500. To help customers finance their systems, Tecnosol works with local microfinance institutions. Often these systems lead to increased income generation for customers, i.e. a shop keeper with a refrigeration system can store meat and produce to sell throughout the week, and farmers can increase crop yields using a solar-powered water pumping system.

So far, Tecnosol has installed +50,000 photovoltaic systems in Nicaragua. Tecnosol has developed a business model that includes import, storage, distribution, retail and after-sale service, that emphasizes quality and customer service at each stage of the business chain. Excellent quality is essential to facilitate the adoption of unfamiliar technology with an often sceptical customer group.

Tecnosol goes to great lengths to reach its customers, even in areas where the only access is on horseback. This commitment is part of Tecnosol’s mission to bring solutions, hope and improved well-being to its clients. Relying on a chain of 15 stores in Nicaragua and offices in El Salvador and Panama, Tecnosol aims to expand strategically throughout the region to better reach and serve customers.