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funding gap emerging markets
Kenya

Impact+ Sollatek 2019-1

  • Sollatek
  • Invest in a business
  • + 7 other investors
  • With a loan of EUR 78,000 Sollatek will be able to support local entrepreneurs in Kenya and provide them with access to clean and reliable energy.

    €78,000
    Amount
    5.50%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€78,000
    Interest5.50%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 21 hours on 31 July 2019.

      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 78,000 Sollatek will be able to support local entrepreneurs in Kenya and provide them with access to clean and reliable energy.

      Company nameImpact+ Sollatek 2019-1
      CEOSaleem Abdulla
      Founded1985-01-01
      LocationMombasa
      SectorSustainable energy projects
      Turnover€3,500,000
      Employees70
      Credit score2.44

      Impact

      Access to electricity remains elusive for nearly 30 million Kenyans living in rural areas. It’s not uncommon for people to walk five kilometers at times to do something as simple as charging a cell phone. Sollatek supplies a whole range of solar energy solutions to ensure reliable energy access for businesses and homes. As solar power is cheaper and more reliable than grid power, Sollatek’s activities are life-changing for rural populations. Since 2009, their portable solar lanterns and solar home systems have brought access to clean, renewable energy to more than 3.5 million people in East Africa.

      Homes with access to clean and affordable electricity no longer rely on harmful and health-threatening fuels like kerosene to light lanterns. It enables an increase in income, as the energy for both homes and businesses becomes free of charge with time. As reliable lights increase security at night and allow children to study longer to improve their results at school, it significantly enhances rural livelihoods.

       

      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 action

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

      • With this investment 10 jobs are created
      • With this investment 50 lives are improved

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      We have already contributed to Impact+ Sollatek 2019-1

      A. Huibers
      + and another
      7
      investors