M-KOPA, headquartered in Nairobi, Kenya, is a consumer lending company that uses an innovative SIM-card-based payment system to help off-grid consumers at the Base of the Pyramid to finance purchase of solar home lighting systems. Since its commercial launch in October 2012, M-KOPA has connected more than 375,000 homes in Kenya, Uganda and Tanzania to solar power. These solar products enable enhanced productivity levels, allowing children to study longer and shopkeepers to remain open after dark.
Asset-backed senior term loan with first lien on customer receivables.
Bill & Melinda Gates Foundation (lead investor), Acumen Fund, Netri Foundation, among others
$250,000 US Dollars
Impact Metrics for 2016
- 8,900,000 kWh Renewable energy produced
- 52,000,000 Litres of kerosene saved
- 710,000 Metric tonnes GHG emissions avoided
- 450,000 Homes reached
M-KOPA Solar has scaled up quickly because our management and investors are focused on addressing a real and pressing issue—the lack of access to power for low-income families around the world. This is affecting the health, productivity and well-being of millions. The investment team at FSM has been fantastic for us. They share our vision for transforming lives through access to energy, affordable finance, and a range of productive assets. Jesse Moore, CEO, M-KOPA Solar