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

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.
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
D. Light Limited (“D. Light”)
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)
$ 4.50 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)
$ 41.90 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 @ DFC website

Updated in EWS Oct 12, 2019


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Project 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
  • US International Development Finance Corporation (DFC)
Contact Information

No contact information provided at the time of disclosure