UpOwa Cameroun SASU
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Project overview
UpOwa is an off-grid energy company distributing solar home systems using pay-as-you-go technology and is the first mover and currently the leader in Cameroon. UpOwa operates a lease-to-own model where the buyer pays an upfront fee and then a monthly leasing fee based on an 18 to 24-month contract period.
ElectriFI contracted a EUR 3 million debt loan to develop UpOwa expansion in Cameroon
Funding objective
EDFI ElectriFI is supporting UpOwa’s expansion in Cameroon by scaling sales operations and diversifying its product portfolio across the Center, West, Littoral, South, East, and Adamawa regions.
Investment rationale
UpOwa plays a catalytic role in bringing solar PV solutions to rural population in Cameroon.
The investment will connect more than 50,000 new customers, providing electricity access to over 250,000 people and creating 250 jobs.
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Key Indicators
Financial Instrument
Debt
Amount
EUR 3m
Year
June 2020
Targeted impact
Number of beneficiaries
291.500
Annual output
1.002 MWh/y
GHG avoidance
7.539 tCO2eq/y
