SolarWorks! offers households in Mozambique a range of Solar Home Systems (SHS) to meet their needs. With investment of £76 SolarWorks! Trading B.V. will be able to source and distribute a SHS, which a family can pay off over a 2-3 year period.
Your investment will help SolarWorks! to provide clean energy to 1,907 families in Mozambique
SolarWorks! Trading B.V. is a wholly owned subsidiary of SolarWorks! B.V., who has been operational across South Africa and Mozambique for the last 8 years and has an expert knowledge of the needs of local families in these markets. They have sold close to 15,000 units in Mozambique and are looking to expand across more regions of Mozambique and deliver a further 42,000 systems in the next 12 months.
About SolarWorks! B.V.
Key product information
Issuer: SolarWorks! Trading B.V.
Country of Issue: Netherlands
Investment target: £145,000
Minimum investment: £50
Maximum investment: No maximum
Maturity: 36 months
Expected interest rate: 6% per annum
Witholding tax rate: 0%
Interest payment frequency: 6 monthly
Notional repayment: 6 monthly
Financial instrument: Unsecured interest bearing bond
This is a bond issued by a single company (rather than a savings product) and therefore it is recommended that you are careful with the amount you invest.
You must read the investment memorandum (provided below) where a full statement of risks is presented.
What the project investment will enable
SolarWorks! has ambitious growth targets to provide off-grid Solar Home Systems (SHS) to a further 42,000 families in Mozambique by the end of 2019. SolarWorks! B.V. (the parent entity owning 100% of SolarWorks Trading B.V.) has attracted equity capital in the past year to scale its operations, but they come to Energise Africa in search of additional working capital to help turn these plans into a reality.
The funds raised in this round will be used to purchase up to 1,907 SHS kits for immediate deployment across the Matola & Manhica regions of Mozambique. These SHS will be OmniVoltaic 40Wh DC systems, which consist of a solar panel, lithium battery, 3 lights, & 2 USB sockets (useful for charging mobile phones and other personal devices) and all systems are Lighting Global certified.
Every £76 invested into this campaign will allow SolarWorks! Trading B.V. to make one of the 40Wh OmniVoltaic systems available to a family living without grid electricity in Mozambique that would otherwise be out of their financial reach. The systems are made available on a PAYGO (pay-as-you-go) basis and families can choose whether to repay the system over a 24, 30 or 36 month period, after which they own the system outright and can continue to enjoy the benefits of the clean energy produced free of charge.
SolarWorks! Trading B.V.
The money raised from this campaign will be used by SolarWorks! to help them expand their SHS business across the regions of Matola and Manhica of the Maputo province in southern Mozambique.
Not only will your investment into this SolarWorks! Trading B.V. offer allow them to make 1,907 Solar Home Systems available to off-grid families, but you'll also be helping the company to grow and provide employment opportunities. The majority of SolarWorks! employees are local people, and employment provides an income for those families that, often for the first time, allows them to send their children to school and lift themselves out of poverty.
Social and environmental impact
SHS & lanterns have been shown to have a significant impact on customers' lives and the environment. SolarWorks! B.V. has sold close to 15,000 units in Mozambique, and has impacted the lives of around 75,000 people.
Social Impact statistics based on GOGLA's most recent statistics for 21-49W systems from their 2018 'Global Off-Grid Solar Market Report'
increase in quality of light
increase in available light ouput compared to kerosene lamps
change in available hours of light, per household
Using industry-recognised SolarAid impact metrics, SolarWorks! has calculated the environmental impact of installing 1,907 Solar Home Systems as follows:
Number of people who will enjoy clean energy access
respondents to a Power Africa survey reported reduced energy spend and kerosene use as the most appreciated benefit of SHS
Annual total CO2 emissions offset per household