Since 2002, African Energy is a wholesale distributor of solar and back-up power equipment to Africa. We provide high quality solar electric components, the training to install them properly, and the business support with finance and coaching to enable entrepreneurs to build successful solar businesses. We stock most solar equipment in depots in 10 countries to allow installers to have access to quality products locally and implement their projects quickly.
General information
| Borrower | African Renewable Energy |
| Country | United States |
| Head office | Saint David, Arizona |
| Website | https://www.africanenergy.com/ |
| Founded | 9 July 2002 |
| Active on Lendahand since | 1 February 2023 |
| Credit Score | 2.89 |
Financial information per 2022-12-31
| Total assets | €4,086,218.83 |
| Revenue | €10,532,212.17 |
| Leverage ratio | 91.90% |
| Liquidity | No short-term liabilities |
About United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or informally America, is the most populous country in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. African Energy provides solar electric equipment, the training to install them properly, and the business support to enable entrepreneurs to build successful solar businesses across the African continent.
Last funded project
Nigeria
With a first loan of EUR 240,000 new partner African Energy will be able to purchase a container of batteries and solar panels, which will be used by two universities in Abuja, Nigeria to replace diesel generators. **please note: this project contains an exchange rate risk EUR/USD)**
€240,000
5.00%
9 months
3 months
USD
Currency| Amount | €240,000 |
| Interest | 5.00% |
| Maturity | 9 months |
| Repayments | 3 months |
| Currency | USD |