Tuesday 13 November, 2018

FosRich partners with Access Financial to offer energy loans

Newly listed FosRich, headed by Managing Director Cecil Foster is seeking to expand its footprint in the renewable energy space.

Newly listed FosRich, headed by Managing Director Cecil Foster is seeking to expand its footprint in the renewable energy space.

FosRich Company Limited is partnering with Access Financial Services to offer customers financing for the purchase of renewable energy products.

The lighting company, which raised over $200 million in an initial public offer last year - is seeking to expand its footprint in the renewable energy space.

Companies and individuals can access up to $20 million to purchase solar water heaters, LED bulbs, tubes, and outdoor lights -  with five years to repay.

According to FosRich, Jamaica’s micro and small companies are reeling from the high energy cost, making its new offer all the more attractive. And with oil prices increasing in the last few months, the new financing option will help companies stay afloat.

Armed with over two decades of supplying wholesale clients with lighting and electrical products, FosRich Company Limited recently launched their industrial electrical division at their flagship branch in Kingston.

FosRich has established perpetual partnerships with well-known international companies Siemens, Nexans and Phillips Lighting who all had representatives in attendance.