SunFunder closes four African debt deals

SunFunder, a provider of debt financing to solar enterprises, has closed four new loans at the end of Q1 2020, which took it over $100 million invested in distributed solar in Africa and other emerging regions.

The new loans were with two existing solar home system borrowers – M-KOPA in Kenya and PEG Africa in Ghana – as well as long-term financing for the solarisation of Orange’s telecom towers in the Central African Republic by energy solutions provider CREI.

SunFunder also completed its first commercial & industrial (C&I) end user financing with MCI in Kenya for a solar installation and energy efficiency improvements.

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