CameroonImpact+ upOwa 2020-1
With EUR 50,000 upOwa can order Solar Home Systems that will be installed in family homes in the West Region in Cameroon.
€50,000
6.25%
48 months
6 months
EUR
Currency| Amount | €50,000 |
| Interest | 6.25% |
| Maturity | 48 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Investments via Impact+ are direct investments in financial institutions and/or companies and cannot be related to specific projects.
With a loan upOwa will be able to support households in Cameroon and provide them with access to clean energy.
| Company name | upOwa |
| CEO | Kilien de Renty |
| Founded | 2014-01-01 |
| Location | Bafoussam |
| Sector | Sustainable energy projects |
| Turnover | €705,000 |
| Employees | 60 |
Impact
upOwa provides easy access to clean energy for people who live without access to the national electrical grid in Cameroon. They offer affordable solar home systems, which customers can pay for in small installments over 18-36 months.
The arrival of electricity in a neighborhood boosts the local economy as lighting extends opening hours of shops, which results in increased wages. Lighting also improves personal security at night and allows children to study after dusk, helping them obtain better results at school. Further, it provides people access to information through radios and to communication thanks to their charged mobile phones. Solar home systems avoid the use of toxic fuels like kerosene and wood which are harmful to health and cause respiratory problems due to their fumes. By the end of 2022, upOwa will have created 1,000 jobs, saved 2,000 tons of CO², and will have provided electricity access to more than 1 million people.
SDGs 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