SunCulture, a solar irrigation company headquartered in Nairobi, Kenya, received the first disbursement from a new $11 million syndicated debt facility to expand its operations in sub-Saharan Africa.

The new loan is groundbreaking for the ”productive use” solar sector due to its size and its innovative combination of working capital and end-user financing.

SunFunder arranged as well as invested in the facility, leading a group of lenders comprising Triodos Investment Man...