Sunfunder raises capital primarily through its unique Solar Empowerment Notes, which they then use to provide inventory and working capital loans and project financing to manufacturers, distributors, and other solar energy companies to scale deployments of solar energy systems and catalyze growth in the sector. Since 2013, Sunfunder has made over 80 loans to 30 companies in Africa and Asia, amounting to $13.8 million in solar energy investments. MCE Social Capital is proud to be one of the anchor investors in Sunfunder’s new $50 million “Beyond the Grid” (BTG) Solar Fund, along with the Overseas Private Investment Corporation (OPIC) and The Rockefeller Foundation. This fund will expand Sunfunder’s debt finance solutions for solar projects and companies in emerging markets, which will eventually benefit millions of men, women, and children in need of electricity.
Read our Portfolio Spotlight on Sunfunder for more information: http://www.mcesocap.org/2016/10/20/portfolio-spotlight-sunfunder-in-east-africa/close