Proparco
Proparco is a Paris-based organization established in 1977 that specializes in providing private sector funding for sustainable development initiatives. It focuses on financing and supporting companies and financial institutions across Africa, Asia, Latin America, and the Middle East. Proparco targets key development sectors, including infrastructure—especially renewable energy—agriculture, financial institutions, health, and education. The organization aims to enhance the role of private entities in achieving the Sustainable Development Goals (SDGs) established by the international community in 2015. By financing projects that create jobs, provide essential goods and services, and combat climate change, Proparco contributes to sustainable economic growth and development. Its financing solutions include loans, guarantees, equity, and quasi-equity options tailored to the needs of the private sector.
Ignite Holding Company
Series B in 2017
Kingo Energy, founded in 2013 and headquartered in Guatemala City, Guatemala, specializes in manufacturing solar energy systems aimed at providing reliable electricity to underserved rural communities. The company's mission is to improve the quality of life for individuals living without access to a dependable power grid, particularly in regions facing extreme poverty. Kingo offers a prepaid solar energy service that is more affordable than traditional lighting methods, such as candles and kerosene. Their solar energy kits can power essential household items, including light bulbs and mobile phone chargers, with payment options tailored to customers' budgets. Kingo has already benefited over 100,000 people, with significant reported improvements in cost savings, educational performance, and productivity among users. The company operates in Central America and South Africa, with ambitions to expand its reach to over 3 million individuals by 2020. Kingo's executive team comprises experienced professionals from various sectors, including consumer markets, telecommunications, and energy.
Ignite Holding Company
Convertible Note in 2016
Kingo Energy, founded in 2013 and headquartered in Guatemala City, Guatemala, specializes in manufacturing solar energy systems aimed at providing reliable electricity to underserved rural communities. The company's mission is to improve the quality of life for individuals living without access to a dependable power grid, particularly in regions facing extreme poverty. Kingo offers a prepaid solar energy service that is more affordable than traditional lighting methods, such as candles and kerosene. Their solar energy kits can power essential household items, including light bulbs and mobile phone chargers, with payment options tailored to customers' budgets. Kingo has already benefited over 100,000 people, with significant reported improvements in cost savings, educational performance, and productivity among users. The company operates in Central America and South Africa, with ambitions to expand its reach to over 3 million individuals by 2020. Kingo's executive team comprises experienced professionals from various sectors, including consumer markets, telecommunications, and energy.
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