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funding gap emerging markets
Camerún

Impact+ upOwa 2019-1

  • upOwa
  • Invierte en una empresa
  • + otros 7 inversores
  • With a loan of EUR 37,000 upOwa will be able to support households in Cameroon and provide them with access to clean energy.

    €37,000
    Importe
    6.25%
    Interés
    24 meses
    Vencimiento
    6 meses
    Reembolsos
    EUR
    Moneda
    Importe€37,000
    Interés6.25%
    Vencimiento24 meses
    Reembolsos6 meses
    MonedaEUR
      100%
      Completamente financiado en 21 horasen 31 Julio 2019.

      El proyecto

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

      With a loan of EUR 37,000 upOwa will be able to support households in Cameroon and provide them with access to clean energy.

       

       

      Nombre de la empresaupOwa
      Director generalKilien de Renty
      Fundado2014-01-01
      UbicaciónBafoussam
      SectorProyectos de energía sostenible
      Volumen de negocio€770,000
      Empleados70

      Impacto

      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.

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