According to the Bank’s website, Sun King Financing Limited is a securitization vehicle acquiring pay-as-you-go receivables from Greenlight Planet Kenya Limited, the Kenyan subsidiary of Greenlight Planet Inc. The company, active under the brand name Sun King, is one of the leading providers of energy access products in Sub-Saharan Africa. The company's business model in Kenya consists of the distribution and financing of various solar-powered energy solutions, through a Pay-As-You-Go offering. Customers pay off their system and associated devices through pay plans that vary in length.
The objective of the investment is to allow the company to continue its expansion of its Pay-As-You-Go Business in Kenya. The proceeds of the funds will directly be used to fund the acquisition of receivables, allowing the company to shorten its inventory cycle, assisting the general scale-up of the business.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Greenlight Planet Inc.||Parent Company||-|
|-||-||-||-||Sun King Financing Limited||Client||-|
No contact information provided at the time of disclosure.
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