Beyond the Grid Solar Fund (SunFunder) (DFC-2016-BEYONDTHEGRID)

Countries
  • Ethiopia
  • India
  • Kenya
  • Philippines
  • Rwanda
  • Tanzania
  • Uganda
  • Zambia
Where the impacts of the investment may be experienced.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
SunFunder Inc.
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 15.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 15.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Jun 29, 2020


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Project Description

SunFunder has launched the Fund to provide financing to companies operating along the solar off-grid and grid-deficit value chain. DFC/OPIC will play the role of anchor investor to the Fund. As a result of its lending operations, SunFunder estimates that the Fund will enable several million individuals to benefit from switching from kerosene to solar energy over the next five years, thereby enabling households and businesses in low-income communities to reduce their expenditures on energy while significantly
reducing CO2 emissions.

The project has been screened as a risk category C.

Investment Description
  • US International Development Finance Corporation (DFC)
Private Actors
Contact Information

Project contacts not available at the time of disclosure.