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Browsing: United States International Development Finance Corporation (DFC)
- d.light and impact investor African Frontier Capital have joined forces on new financing to support consumer loans for solar and high-efficiency appliances in East Africa.
- The US-headquartered firm will use the new financing to enhance its PayGo consumer finance offering.
- d.light seeks to make solar-powered products available to more low-income households and communities.
Off-grid solar provider d.light, has secured a new securitization funding worth $176 million from social impact-focused asset management company African Frontier Capital (AFC) to enhance access to green energy-powered applicances in Kenya, Tanzania, and Uganda markets.
The California-based company said it will use the new financing to enhance its PayGo consumer finance offering as the firm seeks to make solar-powered products available to more low-income households and communities in the target markets.
“This new facility is another landmark step in d.light’s mission to provide people with affordable energy that is also clean, safe and sustainable. It …