Brighter Life Kenya (DFC-2020-BRIGHTERLIFEK)

Countries
  • Kenya
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
U
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
Brighter Life Kenya 1 Limited
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 Amount (USD)
$ 20.00 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)
$ 20.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 66.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Jun 27, 2020


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

This Project is expected to have a highly developmental impact on Kenya by providing innovative financing to an off-grid solar provider in Kenya. The Project is expected to provide the first large-scale demonstration of the feasibility of receivablespurchase financing in this sector, and will ease D.light Limited’s working capital requirements to enable growth. D.light Limited distributes its products throughout Kenya through welldeveloped networks of gas stations and microfinance networks, and offers a pay as you go model for larger, solar home systems. The D.light Limited’s solar energy products provide analternative to kerosene lamps and diesel generators. Access to electricity in rural regions in Kenya averages 60 percent,
compared with 78 percent in urban areas.

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

No contact information provided at the time of disclosure