Oikocredit International

Oikocredit is a financial institution established in 1968 and based in the Netherlands. It focuses on empowering individuals and communities by providing funding to the microfinance sector, fair trade organizations, cooperatives, and small to medium enterprises. Oikocredit aims to create sustainable opportunities for people in need, enabling them to improve their own circumstances through access to financial resources.

Harsh Shah

Investment professional

Past deals in East Africa

Juhudi Kilimo

Debt Financing in 2024
Juhudi Kilimo Company Limited is a Nairobi-based organization that specializes in providing asset financing, technical assistance, and business training services to smallholder farmers and small-to-medium agro-businesses in Kenya. Founded in 2004, the company offers financing options for various agricultural needs, including livestock such as dairy cows, goats, poultry, pigs, and fish farming. Additionally, it finances agricultural equipment, including irrigation systems and agro-processing machinery, as well as vehicles like motorcycles and bicycles for transporting farm goods. By offering these financial products and services, Juhudi Kilimo aims to improve the livelihoods of rural farmers and micro-entrepreneurs, empowering them with the resources and knowledge necessary for sustainable agricultural practices and business growth.

Good Nature Agro

Series B in 2023
Good Nature Agro is a social enterprise based in Chipata, Zambia, focused on empowering small-scale farmers to enhance their productivity and income. Formed in 2014, the company organizes groups of farmers who nominate a Private Extension Agent (PEA) from within their ranks. These PEAs undergo rigorous training to become community leaders and provide ongoing support and personalized recommendations to fellow farmers throughout the growing season. By promoting improved farming practices, Good Nature Agro supplies high-quality legume seeds and offers loans for additional inputs, helping farmers transition from traditional crops to more lucrative options. The company also guarantees a market for the certified legume seeds harvested by the farmers, effectively enabling them to significantly increase their income and achieve lasting financial stability.

RDG Collective

Debt Financing in 2023
RDG Collective was established in 2018 with the ambition to ‘Empower the Future’ by developing and distributing innovative solar home systems throughout Zambia, where an estimated 2.4 million households still lack access to electricity. While the cost of solar energy remained prohibitively high for almost all off-grid households, RDG Collective came up with innovative products distributed on a pay-as-you-go basis. By eliminating this financial barrier, RDG has enabled an increasing number of Zambian households to access solar home systems, refrigerators, solar water pumps and smartphones to improve and empower their lives.

MyCredit Limited

Debt Financing in 2023
MyCredit Limited is a non-banking financial institution based in Nairobi, Kenya, specializing in a range of financial services. The company provides various loan products, including business loans and salary loans, as well as guarantees such as bid bonds and performance bonds. In addition to these services, MyCredit offers leasing options and a comprehensive suite of insurance products that encompass motor insurance, personal accident coverage, burglary insurance, and agricultural insurance, among others. By catering to diverse financial needs, MyCredit aims to support individuals and businesses in achieving their financial goals.

Solarise Africa

Debt Financing in 2022
Solarise Africa is a pan-African Energy-as-a-Service company headquartered in Nairobi, Kenya, that specializes in providing financial leasing services for solar and other renewable energy assets. The company focuses on serving Commercial and Industrial clients by offering reliable and affordable decentralized energy solutions. Through smart financing solutions, Solarise Africa empowers its partners to enhance their operations and drive progress across the continent. The company collaborates closely with a select group of renewable energy solution providers to deliver tailor-made financial solutions that promote clean energy adoption. By facilitating upfront investments and manageable payment plans, Solarise Africa enables businesses to deploy clean energy systems, reduce costs, and improve productivity while contributing to lower carbon footprints in Africa.

Solar Panda

Series A in 2022
Solar Panda is a Canadian company that provides Pay-As-You-Go solar home systems, aimed at delivering clean and affordable solar energy to rural communities in Kenya that lack access to electricity. The company designs, manufactures, and sells a range of solar products, including home solar kits, solar televisions, lamps, mobile phone chargers, radios, and portable lanterns. By allowing customers to finance these products, Solar Panda enhances affordability and significantly improves the quality of life for families, reducing reliance on harmful kerosene lanterns and lowering energy costs. Since its first sale in December 2017, Solar Panda has rapidly expanded, powering hundreds of thousands of homes and achieving remarkable growth within the industry. The company is committed to the belief that access to electricity is a fundamental right and aims to lead the charge in the solar energy revolution by reaching as many off-grid customers as possible.

PowerGen Renewable Energy

Debt Financing in 2021
PowerGen Renewable Energy is a leading provider of energy solutions in East Africa, focused on transforming energy access for residential, community, commercial, government, and industrial customers. Founded in 2011 and headquartered in Nairobi, Kenya, with additional offices in Arusha, Tanzania; Freetown, Sierra Leone; and Lagos, Nigeria, the company specializes in the development, construction, and operation of solar mini-grids. PowerGen offers a range of services including engineering, procurement, construction, and financing, ensuring affordable and reliable power for communities that are not connected to national electricity networks. As a pioneer in the solar mini-grid sector, PowerGen is committed to driving the clean energy transition across Africa and is a founding member of the Africa Mini-grid Developers Association, collaborating with various sector leaders to enhance energy access in the region.

SolarNow

Debt Financing in 2019
SolarNow is a company focused on providing solar energy and financing solutions in East Africa, with its headquarters in Nijmegen, Netherlands, and branch locations in Uganda and Kenya. Founded in 2011 by Willem Nolens, SolarNow manufactures high-quality solar home systems designed to meet the energy needs of both rural and urban households, as well as entrepreneurs and institutions. The company addresses the unmet demand for solar power services by offering a range of products, including solar home systems and electrical appliances. Additionally, SolarNow provides affordable and flexible credit options, enabling customers to access clean, reliable, and affordable energy solutions for households, small businesses, farming, and corporate needs.

Inyenyeri

Convertible Note in 2018
Inyenyeri gets the even the poorest of Rwandan households to switch from cooking with wood and charcoal by providing clean and renewable fuel that cooks better and is more affordable. Inyenyeri is a for-profit social enterprise. Profitability ensures sustainable social impact and increases access to financial capital needed to scale quickly.

SolarNow

Debt Financing in 2017
SolarNow is a company focused on providing solar energy and financing solutions in East Africa, with its headquarters in Nijmegen, Netherlands, and branch locations in Uganda and Kenya. Founded in 2011 by Willem Nolens, SolarNow manufactures high-quality solar home systems designed to meet the energy needs of both rural and urban households, as well as entrepreneurs and institutions. The company addresses the unmet demand for solar power services by offering a range of products, including solar home systems and electrical appliances. Additionally, SolarNow provides affordable and flexible credit options, enabling customers to access clean, reliable, and affordable energy solutions for households, small businesses, farming, and corporate needs.
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