D. Light Limited (Kenya) (DFC-DLIGHT)

Countries
  • Kenya
Geographic location 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.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
D. Light Limited (“D. Light”)
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 4.50 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 41.90 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ DFC website

Updated in EWS Feb 27, 2020

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

Project details indicate that the Project is expected to have a positive developmental impact on Kenya by providing rural off-grid homes access to clean and reliable electricity. The Project Company distributes its products throughout Kenya through well developed network of gas stations and microfinance networks, and offers a pay as you go model which is relatively uncommon. The Project Company’s solar energy products provide an alternative to kerosene lamps and diesel generators. Access to electricity in rural regions in Kenya averages 60 percent, compared with 78 percent in urban areas. In addition, the Project will support hundreds of jobs for young adults, which face a high unemployment rate of 18.5%. The Project help Kenya achieve UN Sustainable Development Goals #7 (Affordable and Clean Energy).

The project is financed under the Scaling Enterprise Loan Guaranty Facility, D. Light is a for-profit global leader and pioneer in delivering solar-powered solutions designed for households that lack access to reliable energy in emerging markets. Through delivering electricity to families in rural communities, D. Light empowers disadvantaged populations.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No contact information provided at the time of disclosure

How it works

How it works