funding gap emerging markets
Kenya

Sollatek Electronics Kenya 55

  • Sollatek
  • Direct investment
  • + 273 other investors
  • With EUR 120,000 Sollatek can help 96 businesses purchase and install power backup systems to run lights, fans, fridges, WIFI routers, or essential equipment during power outages.

    €120,000
    Amount
    5.50%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€120,000
    Interest5.50%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 4 hours on 16 May 2022.
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      Summary

      Company Background

      Sollatek Electronics Kenya Ltd is an East African leader in supplying clean reliable on and off grid energy solutions. We have been in operation since 1985 as the sole authorised agent for Sollatek products and the owner of the Sollatek franchise in East Africa. Our Head Office is in Mombasa, Kenya and sales office in Nairobi, Kenya. We operate as a wholesale and last mile distribution outfit, selling our products through a region-wide network of distributors, hardware, electronic shops, supermarkets, NGO and Co-operatives. We provide installation services, comprehensive after sales care and hassle free warranty services on all our products.

      Our on-grid division supplies and installs voltage protection range includes voltage switchers, stabilisers, and uninterruptible power supplies (UPS).  These devices assist businesses from small to large avoid losses, monetary and efficiency, due to unreliable power by keep their businesses, homes, and lives working uninterrupted.

      The Sollatek Solar Division supplies complete turnkey solar systems and ancillary equipment including solar energy systems, solar modules, charge controllers, batteries, solar home systems and portable lanterns. We offer a wide range of affordable and quality product to cater to all the different financial capabilities of end users in Kenya.

      As a Company we believe in access to affordable clean energy for all. Currently only 12.6% of Kenya’s rural population is connected to grid power. For the estimated 30 million people without a connection, solar energy is one of the most reliable and cost effective solutions. Beyond lack of access to grid power, 49% of the rural populations live at the poverty line as defined by the World Bank, which means they have limited or no disposable income for managing the high upfront costs of some solar solutions.

      Since 2009, we have sold over 700,000 portable solar lanterns and solar home systems in East Africa. Through this more than 3.5 million people have gained access to clear renewable energy as a result of Sollatek’s activities. We continue to strive to provide clean and reliable energy for all.      

      In recent years, Sollatek has won two grants pursing the goal of universal energy access, the USADF Power Africa Off-Grid Challenge for Sollatek Solar Centers. We installed 15 income generating solar centers to run cold storage facilities and lighting for fishing coops along the Kenyan Coast. This project was a finalist in the African Innovation Awards. In 2015, SEKL was awarded a grant from Energy and Environment Partnership (EEP) for setting up an solar entrepreneur network across Kenya to encourage last mile sales and distribution of portable solar lanterns and solar home systems.    

      The Project

      With EUR 120,000 Sollatek can help 96 businesses purchase and install power backup systems to run lights, fans, fridges, WIFI routers, or essential business equipment during power outages. 

      Impact

      Direct benefits of the loan:  

      • 96 businesses with access to clean, affordable and reliable energy 
      • Estimated 400 individuals who will benefit

      Indirect benefits of the loan: 

      • Improved performance at school as children have reliable lights for schoolwork at homes
      • Health benefits as kerosene lanterns are removed from indoors which fumes cause respiratory illnesses 
      • Increase incomes as both homes and business do not have to pay for electricity or phone charging 
      • Increase security for homes and night time activities 

      Mission & Vision

      To be the East African leader in voltage protection, renewable energy and energy saving industries with a primary focus on offering high quality, affordable, and innovative products and services to all our customers. 

      Building on our over 30 years of experience working in East Africa as a wholesale and distribution company for power control & solar energy, we diversified into specialised solar projects, portable solar lanterns and home systems and innovative industrial power optimisation systems.

      Website

      http://sollatek.co.ke/

      Track Record of Awards 

      2016 - Finalist in the Africa Innovation Awards in South Africa 

      2015  - SEKL was named one of Kenya’s Top 100 Mid-Size companies in East Africa by KPMG Kenya. 

      2015 - Awarded a grant from Energy and Environment Partnership (EEP) for setting up an solar entrepreneur network across Kenya 

      2015 - Mazingira Award in Category of Green Energy Solution 

      2014 - Winner of the USADF Power Africa Off-Grid Challenge of 100,000 USD for Sollatek Solar Centers. 

      2014 - Winner of Energy, Solar and Lighting, Kenya Homes Expo 

      2013  - SEKL was named one of Kenya’s Top 100 Mid-Size companies in East Africa by KPMG Kenya.

      Previous Project 

      USADF Power Africa Off-Grid Challenge

      Energy and Environment Partnership (EEP) 

      World Food Program Office in Isiolo, Kenya 

      Company nameSollatek Electronics Kenya 55
      CEOSaleem Abdulla
      Founded1985-01-01
      LocationMobassa
      SectorSustainable energy projects
      Turnover€3,500,000
      Employees80

      Impact

      Access to electricity remains elusive for nearly 30 million Kenyans living in rural areas. It’s not uncommon for people to walk five kilometers at times to do something as simple as charging a cell phone. Sollatek supplies a whole range of solar energy solutions to ensure reliable energy access for businesses and homes. As solar power is cheaper and more reliable than grid power, Sollatek’s activities are life-changing for rural populations. Since 2009, their portable solar lanterns and solar home systems have brought access to clean, renewable energy to more than 3.5 million people in East Africa.

      Homes with access to clean and affordable electricity no longer rely on harmful and health-threatening fuels like kerosene to light lanterns. It enables an increase in income, as the energy for both homes and businesses becomes free of charge with time. As reliable lights increase security at night and allow children to study longer to improve their results at school, it significantly enhances rural livelihoods.

       

      SDG’s impacted

      With this project you are contributing to the following Sustainable Development Goals:

      SDG 1. No Poverty

      SDG 7. Affordable and clean energy

      SDG 13. Climate action

      Read more about the impact you can make through our platform and the SDGs on our impact page.

       

      Related blog articles

      Eager to learn more about clean energy projects on our platform? Read here. 

      During the 2020 Covid-19 pandemic, the demand for solar home systems increased significantly in emerging markets. Read more here.

      • With this investment 20 jobs are created
      • With this investment 400 people are reached
      • With this investment 96 solar home systems are installed

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      We have already contributed for Sollatek Electronics Kenya 55

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