→ skos:prefLabel → "Innovative Product Financing"@en
→ od:hasContext → "Forms of leasing and renting are becoming increasingly popular in the renewable energy industry. Also, lowincome groups are able to purchase goods they otherwise could not afford."@en
→ od:hasExample → "[Simpa Networks] provides distributed energy solutions to underserved consumers in emerging markets on a progressive purchase basis. Customers first make a small down payment for a solar system and then pre-pay for the energy service they need. "@en
→ od:hasLFId → "P16", "P1_3"
→ od:hasProblem → "Customers either cannot afford or do not want to buy the product outright. Reasons might be that the product is very new and uncommon, more expensive than traditional products. This can inhibit the diffusion of radical eco- and socioinnovations."@en
→ od:hasReference → "(Clinton & Whisnant, 2014)"
→ od:hasSolution → "Offering product leasing or renting for a certain period of time instead of selling it outright. As an option, this can lead to ownership (progressive purchase). This allows extending breadth and depth of customer groups for new products."@en