Lighting Kenya 2 (IFC-600558)

Countries
  • Kenya
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
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.
Voting Date
Feb 12, 2015
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
FIs and Associate Distributors
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.
Project Cost (USD)
$ 3.12 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Feb 26, 2019

Disclosed by Bank Feb 19, 2016


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Project Description

Building upon the success of the Lighting Kenya pilot program, this program will scale up energy access in the more remote, undeveloped rural areas that have not yet benefitted from the dynamic Kenya off-grid solar lighting market. This will be achieved by: (i) working with FIs and Associate distributors that are positioned to address the difficult last mile market segment to support the development and scale-up of new solar product finance and marketing offerings. The MFI channel in particular, provides a unique vehicle for directly enhancing gender participation in the off-grid supply chain.(ii) catalyzing commercial markets to enable development of the supply chains and scale up of RE products through consumer awareness and support to the supply chain (iii) addressing consumer and supply chain financing barriers that impede the development of the last mile off-grid lighting market by setting up after sales service support structures to redeem warranties and backstop the service level commitments that FIs have provided to their clients.

Investment Description
  • International Finance Corporation (IFC)
Contact Information

ACCOUNTABILITY MECHANISM OF IFC

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