Offering a financing solution is key to access the full market potential of solar energy in Africa. Therefore, MPower has developed an innovative financing solution that allows customers to pay in monthly installments while mitigating the default risks to a minimum.
In order to be able to serve the high demand and pre-finance the stock for our markets, we are raising debt in the form of crowdlending: Individuals can give us a loan with the following conditions:
Tenure: 6 years
Interest: 5 %
Minimum loan: 250 EUR
Two years ago we had our first crowdlending round and successfully raised 150 000 EUR. We fully repaid the loan in 2020 and are excited about our second crowd lending round and the impact that can be made. If you are interested, check out our Campaign under https://www.crowd4climate.org/mpower2