Vitalite

funding gap emerging markets

VITALITE Zambia Limited is a Zambian registered company limited by shares founded in 2013 and headquartered in Lusaka, Zambia. The company is a leading last mile distribution and service company, providing renewable energy and energy efficiency solutions for underserved, urban and rural communities across Zambia. VITALITE’s mission is to improve lives by making quality products, services and renewable energy accessible and affordable to all Zambian households. Since 2016, VITALITE has installed more than 15,000 Pay As You Go (PAYGO) Solar Home Systems (SHSs) and sold over 5,000 improved cookstoves, impacting more than 104,000 people.

John Fay is currently Director at VITALITE Zambia Limited. Additionally, he is board member at the SEM Fund (NGO based in Dakar, Senegal) and Zidisha.org (the first online microlending community that directly connects lenders and entrepreneurs in developing countries). 

General information

BorrowerVITALITE Zambia Limited
CountryZambia
Head officeLusaka
Websitehttps://www.vitalitegroup.com
Founded 9 December 2013
Active on Lendahand since17 August 2018

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Financial information per 2021-06-30

Total assets€1,372,542
Revenue€910,288
Leverage ratio5.11%
Liquidity443.00%

About Zambia

The Zambian economy used to be largely dependent on copper mining. The copper reserves are however depleting. Three quarters of the population is active in agriculture, which is good for 31% of the GDP. The main crops are corn, sugar, tobacco and sunflower seeds. In 1991 Zambia became a republic.

Last funded project

funding gap emerging markets
Zambia
+ 70 other investors

With a loan of EUR 28,400 VITALITE is able to procure and install 700 solar home systems with farmer households in rural Zambia.

€28,400
Amount
7.50%
Interest
24 months
Maturity
6 months
Repayments
EUR
Currency
    Amount€28,400
    Interest7.50%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 hour on 19 August 2020.