funding gap emerging markets
Mozambique

SolarWorks! 11

  • SolarWorks!
  • Direct investment
  • + 1 other investors
  • With EUR 1,850 around 2 households will be able to install a Solar Home system and get access to clean energy.

    €1,850
    Amount
    5.50%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€1,850
    Interest5.50%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
    100%
    Fully funded in 41 minutes on 24 July 2019.
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    Average investment
    Based on all Lendahand historical investments
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    Project will be fully funded

    Summary

    Lendahand invests 2% in SIDA projects (skin in the game). 

    Company nameSolarWorks! 11
    CEOArnoud de Vroomen
    Founded2008-01-01
    LocationMaputo
    SectorSustainable energy projects
    Turnover€683,292
    Employees150

    Impact

    SolarWorks! offers affordable solar home systems to families and companies in off-grid areas in Mozambique, where over 80% of the 29 million inhabitants don’t have access to energy. The arrival of electricity in a neighborhood has multiple positive impacts on the local economy and community. Lighting extends opening hours of shops, which results in increased wages. It improves security at night and allows children to study after dusk to obtain better results at school. 

    Electricity also provides people access to information through radios and to communication thanks to their charged mobile phones. A solar home system avoids the use of toxic fuels like kerosene and wood, which are harmful to health and cause respiratory problems due to their fumes. Within the company, 95% of their employees are locals, and they aim for a 50/50 gender mix.

     

    SDG’s impacted

    With this project you are contributing to the following Sustainable Development Goals:

    SDG 1. No Poverty

    SDG 7. Affordable and clean energy

    SDG 13. Climate change

    Read more about the impact you can make through our platform and the SDGs on our impact page.

     

    Related blog articles

    Read the introduction of SolarWorks! as a new investment opportunity here.

    Eager to learn more about clean energy projects on our platform? Read here

    During the 2020 Covid-19 pandemic, the demand for solar home systems increased significantly in emerging markets. Read more here.

    • With this investment 1 jobs are created
    • With this investment 8 lives are improved
    • With this investment 2 solar home systems are installed
    • With this investment 2 tons of CO2 are reduced

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