Brighter Life Kenya 1
Africa
Region
0.1
Investment (MNOK)
Exit
Status
The Project provided funding to special purpose vehicle `Brighter Life Kenya` in order to purchase accounts receivables of Pay-As-You-Go X850 solar home systems customers of d.light design Inc., structured as a novel off-balance-sheet financing. The investment is an expansion financing of the first large-scale demonstration of an off-grid solar home system receivables financing structure.

Key information
- Sector:
- Renewable Energy
- Investment (MNOK):
- 0.1
- Year:
- 2020
- Region:
- Africa
- Country:
- Kenya
- Domicile:
- Jersey
- Instrument:
- Loans
- Status:
- Exit
- Mandate:
- Development
Additionality for Brighter Life Kenya 1
This investment is particularly additional on the following ambitions:
- Investing in the poorest countries
- Investing in capital constrained markets
- Investing in risky markets
- Investing in difficult business environments
- Mobilising private investors