Brighter Life Kenya 2
Africa
Region
55.5
Commitment (MNOK)
Active
Status
Brighter Life Kenya 2 Limited is an off-balance sheet financing vehicle that provides d.light design Inc. with flexible working capital, enabling the company to provide consumer financing and make its products universally available and affordable for customers, most of whom live below the poverty line and lack access to reliable power. The facility finances a range of transformative products that drive quality-of-life improvements, from solar home systems to high-efficiency appliances and smartphones.
Key information
- Sector:
- Renewable Energy
- Commitment (MNOK):
- 55.5
- Year:
- 2022
- Region:
- Africa
- Country:
- Kenya
- Domicile:
- Jersey
- Instrument:
- Loans
- Status:
- Active
- Mandate:
- Development
Additionality Brighter Life Kenya 2
This investment is particularly additional on the following ambitions:
- Investing in the poorest countries
- Investing in the most capital constrained markets
- Investing in the riskiest markets
- Investing in sectors with high development needs
- Targeting underserved segments