Loan/Debt
Energise Africa
Description
Energise Africa is an online impact investing platform that assists impactful SMEs operating in Africa’s energy access industry to access affordable and quick debt funding from socially conscious UK retail investors. A partner gets access to a flexible tranche-based credit facility (totalling approx. GBP 1.5-5m) which can be drawn in tranches by uploading a project ranging from GBP 50k-1m on the website, according to business funding requirements. Energise Africa is a joint venture between impact investment platforms Ethex (UK) and Lendahand (NL). Lendahand is responsible for onboarding new investment opportunities on the Energise Africa platform.
Investment Details
Debt credit facility (via promissory notes) Seniority: Senior (security optional) Tenor: 6-48 months repayment Schedule: Semi-annual, linear amortising (flexibility possible)
Use of funds: 1) Working capital in relation to inventory and/or receivables financing;
2) Structured asset financing (off balance sheet);
3) (shorter term) CAPEX financing
Funding Procedure
Timeline: 3-6 months
1. Initial Scan: Potential candidates are screened against a standard framework of minimum requirements
2. Initial clearance in principal
3. Further due diligence
4. External credit committee approval
5. Structuring and contract execution
6. Company gets onboarded as an investee and launches a campaign on www.energiseafrica.com
7. On-going monitoring on financial covenants and KPIs
Fund Structure
$1.5M - $5M
Target Impact
Increasing access to energy
Contacts
NETWORK/PARTNERS Department for International Development (DFID), UK aid, Virgin Unite, Good Energies Foundation and the Partnering for Green Growth (P4G)
LOCATION OF REGISTRATION AND HQ Oxford, United Kingdom PRIMARY CONTACT INFORMATION FOR DEVELOPERS Investments Team (Investments@lendahand.com) Tobias Grinwis (tobias.grinwis@energiseafrica.com) Michelle Heah (michelle.heah@energiseafrica.com)