funding gap emerging markets
Mozambique

Impact+ SolarWorks! 2019-2

  • SolarWorks!
  • Direct investment
  • + 9 other investors
  • With a loan of EUR 100,000 SolarWorks! will be able to provide Solar Home Systems to companies and families in Mozambique.

    €100,000
    Amount
    7.50%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€100,000
    Interest7.50%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 27 November 2019.
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      Summary

      Investments via Impact + are direct investments in financial institutions and/or companies and cannot be related to specific projects.

      With a loan of EUR 100,000 SolarWorks will be able to provide Solar Home Systems to companies and families in Mozambique.

      Company nameImpact+ SolarWorks! 2019-2
      CEOArnoud de Vroomen
      Founded2008-01-01
      LocationMaputo
      SectorSustainable energy projects
      Turnover€700,000
      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 10 jobs are created
      • With this investment 50 lives are improved

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      We have already contributed for Impact+ SolarWorks! 2019-2

      Ton Schroer
      + and another
      9
      investors