funding gap emerging markets

The company makes solar energy accessible and affordable to millions of off-grid people in Africa by taking a large scale and systematic approach. Operations started in Uganda in May 2011, building on management’s 7-year experience with the award winning Dutch Rural Energy Foundation training hundreds of rural entrepreneurs across Africa to develop solar energy enterprises and recognizing the potential in Uganda to develop a scalable commercial business. SolarNow has since then sold over 14,000 systems to approximately 4,500 entrepreneurs and 9,500 households. The Ugandan distribution network is strong and growing, with increasing levels of repeat orders from existing customers.

Daniel Mcfarlane Wellington (CEO) is a seasoned Commercial Chartered Accountant with more than 28 years’ experience in Africa, with local and multinational organizations in various Commercial and Financial executive roles in energy with British Petroleum as country and regional leader and business transformation leader for projects in sub-Saharan Africa, including Kenya and Tanzania over a period of 10 years. He also brings a wealth of experience as CFO and Finance Director from the Agricultural sector including Sugar, Tea/Coffee and poultry operating in Zimbabwe, Zambia, South Africa, and Uganda .

Dan is a keen cyclist and ardent wildlife fan spending his free time cycling through the scenic areas of Uganda or game viewing in the National parks

Información general

PrestatarioSolarnow BV
Sede principalMillingen aan de Rijn
Fundado 1 Mayo 2011
Activo en Lendahand desde 8 Febrero 2017

Información financiera para 2019-06-30

Activos totales€22,734,947
Ratio de apalancamiento12.00%

Sobre Uganda

Uganda gained independence from Britain on 9 October 1962 as a Commonwealth realm with Queen Elizabeth II as head of state. One year later, Uganda became a republic but maintained its membership in the Commonwealth of Nations. The country has been experiencing consistent economic growth. In 2015-16, Uganda recorded gross domestic product growth of 4.6 percent in real terms. However, despite making enormous progress in reducing the countrywide poverty incidence from 56 percent of the population in 1992 to 24.5 percent in 2009, poverty remains deep-rooted in the country's rural areas, which are home to 84 percent of Ugandans.

Último proyecto financiado

funding gap emerging markets

SolarNow B.V. 9

+ 280 inversores más

With EUR 175,000 SolarNow can again install 100 waterpumps at farms and 120 solar home systems in family houses in Kenya.

24 meses
6 meses
    Vencimiento24 meses
    Reembolsos6 meses
      Completamente financiado en 20 horasen 12 Diciembre 2018.