upOwa was found in 2014 with its main mission to make solar-powered products accessible to millions of households which currently live without light in Cameroon and the rest of Central Africa. The first project, together with the three main parties in the field of mobile payments in Cameroon, was launched halfway through 2016 and has so far reached more than 9000 people.
upOwa has designed its own software platform to be able to provide excellent service to its customers and make repayments as cost-efficient as possible.
Killien de Renty is CEO and co-founder. His objective is to take up a business challenge: he longs for a leadership role in world-class projects aiming at the creation of long-term wealth in developing economies.
|Founded||20 October 2014|
|Active on Lendahand since||1 May 2018|
Financial information per 2019-06-30
|Revenue (per year)||€474,578|
|Equity / total assets||81.98%|
The Republic of Cameroon is a country in Central-Africa and was born on the 1st of January 1961 through the unification of French Cameroun and the British Cameroons. The country has approximately 25 million inhabitants. Besides corn and beans, food crops such as coffee, cotton, rubber, bananas and cacao are cultivated for export. Cameroon has a stable political climate and as a result has been able to build a good infrastructure. The republic, just as many other African countries, deals with a growing poverty rate. In 2017, 40% of the population lived below the poverty line and a quarter of the population lived off a daily income that was lower than $2.
Most recently funded project
With a loan of EUR 50,000 upOwa can order 500 mid-range Solar Home Systems that will be installed in family homes in Cameroon.
- Direct investment
- 10 new jobs
- 2500 people reached
- 500 solar systems installed