Solar Provider d.light Closes New USD 176 M Securitization Facility

d.light, the global provider of transformational household products and affordable finance for low-income
households, today announced the closing of a new securitization facility that will purchase USD 176 M of receivables in Kenya, Tanzania and Uganda. The new financing is being provided by social impact-focused asset management company African Frontier Capital. With this new facility, d.light has now closed securitized financing with a total combined purchasing value of USD 718 M across five separate facilities since 2020.

d.light will use the facility to scale up its PayGo consumer finance offering to make solar powered products available to more low-income households and communities without access to electricity. The facility is multi-currency and will reportedly enable access to reliable, renewable energy for an estimated six million people across the three countries over the next three years.

d.light provides customers with a broad portfolio of sustainable solutions, ranging from portable solar lanterns to financed solar home systems and related aspirational products, such as smartphones and televisions. It offers kits ranging from solar lanterns to solar home systems, capable of powering several LED light bulbs, mobile phones, radios, and small televisions.