Projekts

Warning

In the coming period there are different conditions for this partner. 

• The interest rate has been temporarily increased by 0,5 percentage point to accommodate the growing uncertainty associated with COVID-19.
• In addition, this investee is allowed - provided they continue to comply with the applicable covenants - to refinance future repayments to Lendahand investors with the funds raised from this project.
• Repayments occur after 12, 18 and 24 months, not after 6 months.

SolarWorks! was founded in 2008 by industrial designer Bernard Hulshof and econometric Arnoud de Vroomen. The SolarWorks! development centre is based at the incubator of the University of Technology in Delft (The Netherlands). Here products design and R&D is conducted. The distribution of the Solar Home Systems is done in Mozambique, where over 80% of the 29 million inhabitants do not have access to electricity. Mozambique is an untapped market with fast growing mobile money penetration which is an important driver behind the fast growing sales of Pay As You Go sales.

Arnoud de Vroomen is CEO of the company. He worked several years at Unilever and has been the director of Lemnis Solar. SolarWorks! also has a sales office in Johannesburg.

With a loan SolarWorks will be able to provide Solar Home Systems to companies and families in Mozambique.

Information document of the issuing company (NL)

Information note of the issuing company (BE)