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Renewable energy (Environment)
Globally, 1.3 billion people do not have access to energy and another one billion only have limited access.
M-KOPA Solar addresses this challenge. The company was founded in 2011 by former executives behind M-PESA, the world’s leading mobile payment platform. It uses an innovative approach to give low-income households in East Africa access to power: it combines mobile payments with GSM sensor technology to enable households to buy a solar home system at an affordable price.
The loan provided by Hivos-Triodos Fund, Triodos Microfinance Fund and Triodos Fair Share Fund enables M-KOPA Solar to realise its growth ambitions.
Energy is a necessity in modern life but the current dependence on fossil fuels to provide it has a high environmental and social impact. We believe that a fundamental transition is needed away from a carbon based economy to a renewable one. By lending and investing in this sector we try to stimulate this transition, with our main focus on financing solar, wind and hydro energy.