Vitalite

VITALITE Zambia Limited is a Zambian registered company limited by shares founded in 2013 and headquartered in Lusaka, Zambia. The company is a leading last mile distribution and service company, providing renewable energy and energy efficiency solutions for underserved, urban and rural communities across Zambia. VITALITE’s mission is to improve lives by making quality products, services and renewable energy accessible and affordable to all Zambian households. Since 2016, VITALITE has installed more than 15,000 Pay As You Go (PAYGO) Solar Home Systems (SHSs) and sold over 5,000 improved cookstoves, impacting more than 104,000 people.

John Fay is currently Director at VITALITE Zambia Limited. Additionally, he is board member at the SEM Fund (NGO based in Dakar, Senegal) and Zidisha.org (the first online microlending community that directly connects lenders and entrepreneurs in developing countries). 

General information

BorrowerVITALITE Zambia Limited
CountryZambia
Head officeLusaka
Websitehttps://www.vitalitegroup.com
Founded 9 December 2013
Active on Lendahand since17 August 2018

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Financial information per 2019-06-30

Total assets€2,178,737.64
Revenue (per year)€465,583.59
Equity / total assets38.00%
Liquidity790.00%

About Zambia

The Zambian economy used to be largely dependent on copper mining. The copper reserves are however depleting. Three quarters of the population is active in agriculture, which is good for 31% of the GDP. The main crops are corn, sugar, tobacco and sunflower seeds. In 1991 Zambia became a republic.

Most recently funded project

VITALITE Zambia 7

With a loan of EUR 113,500 VITALITE will be able to install around 1,770 solar home systems at households in Zambia.

  • Direct investment
  • 10 new jobs
  • 11000 people reached
  • 2200 solar systems installed
Issuer

€113,500

Amount

24 months

Maturity

6.50%

Annualized interest
100%
Fully funded in 2 days on 7 February 2020.