Solar Frontier Capital

d.light is a global leader in social transformation by making transformative products available and affordable to low-income families. Most of the customers they serve don’t have access to reliable power or financing, and d.light removes those barriers. d.light enables reliable power through their solar energy solutions and enable financing with their Pay As You Go technology. d.light has sold over 25 million products including solar lanterns, solar home systems, TVs, radios and smartphones, impacting the lives of over 125 million people.

Their vision is to transform the lives of 1 billion people with sustainable products by 2030.

Brighter Life Kenya 2 (BLK-2) is an off-balance sheet financing vehicle that provides d.light 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 will finance a range of transformative products that drive quality-of-life improvements, from solar home systems to high-efficiency appliances and smartphones. BLK-2 has been structured to provide d.light with USD 62 million in multi-currency financing over a two-year commitment period, giving the company continued access to sustainable and affordable receivables financing for its Kenyan pay-as-you-go business with a plan to expand to other African countries in the near future. After 24 months senior lenders will be repaid, after 48 months the Lendahand crowd.