upOwa

funding gap emerging markets

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.

General information

BorrowerupOwa SAS
CountryCameroon
Head officeJarrie
Websitehttp://www.upowa.org/
Founded20 October 2014
Active on Lendahand since 1 May 2018

Download credit analysis

Financial information per 2021-06-30

Total assets€5,572,000
Revenue€2,746,375
Leverage ratio89.78%
Liquidity210.00%

About Cameroon

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.

Last funded project

funding gap emerging markets
Cameroon

upOwa 20

+ 326 other investors

With a loan of EUR 154,200 upOwa can order 1700 mid-range Solar Home Systems that will be installed in family homes in Cameroon.

€154,200
Amount
7.25%
Interest
24 months
Maturity
6 months
Repayments
EUR
Currency
    Amount€154,200
    Interest7.25%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 21 hours on 29 October 2021.