Every £200 invested will deliver a solar home system in East Africa
For every £200 invested into this campaign Sollatek will be able to source and distribute a solar home system, which a Kenyan family can pay for in affordable instalments.
600 households will benefit from solar energy at home
Sollatek will be able to distribute and install 600 solar home systems from this raise
Invest Directly in Solar Home Systems in East Africa
Sollatek is 100% Kenyan owned and managed, and has been operational in East Africa for 38 years. To date Sollatek has sold over 880,000 solar lanterns and solar home systems, impacting the lives of around 4.4 million people. This has avoided an estimated 31,000 tonnes of CO2 emissions by replacing kerosene lanterns for lighting.
Key product information
Issuer: Sollatek Electronics (Kenya) Ltd
Issuing Country: Kenya
Investment target: £120,000
Minimum investment: £50
Maximum investment: No maximum
Maturity: 24 months
Expected interest rate: 6.0% per annum
Withholding tax rate: 15% (applicable to UK residents who do not invest within an IF ISA)
Interest payment frequency: Semi-annually
Capital repayment: Semi-annually
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 offer document (provided below) where a full statement of risks is presented.
What the project investment will enable
With the funds raised in this offer, Sollatek will be able to make 600 solar home systems available to families in rural Kenya that would otherwise be out of their financial reach.
Currently only 62.7% of Kenya’s rural population is connected to grid power (according to the World Bank Global Electrification Database). For the estimated 23.5 million people without a connection, solar energy is one of the most reliable and cost-effective solutions.
Sollatek aims to raise £120,000 of investment in this raise, enabling them to purchase 600 units to help approximately 3,000 people in Kenya to access electricity.
Sollatek Electronics Kenya
Sollatek Electronics (Kenya) Limited (“Sollatek”) started operations in 1985, and is a leading importer and distributor of power control, energy efficiency, and solar solutions in East Africa.
Products are sold through a region-wide network of resellers, mainly in Kenya as well as Uganda, Tananzia Rwanda, and Burundi; resellers include major regional supermarket chains, electronics and electrical shops, hardware stores and general stores.
Social and environmental impact
Solar home systems & lanterns have been shown to have a significant impact on customers' lives and the environment. To date, Sollatek has sold more than 880,000 systems & lanterns across East Africa, and has impacted the lives of around 4.4 million people.
Solar home system sales in East Africa are mainly reaching low income households and are bringing opportunities to grow incomes, and improve quality of life. The following statistics are from the GOGLA 2019 report "Powering Opportunity in East Africa"
of solar home system customers in East Africa say their children have more time to do homework
of solar home system customers report improved health
of households who buy a solar home system undertake more economic activity
Solar home systems provide clean energy and avoid carbon emissions. Using industry-recognised GOGLA metrics, Sollatek have calculated the clean energy and carbon emissions impacts of their solar home systems.
Number of people who will benefit from clean energy access
Average greenhouse gas reductions from replacing one kerosene lamp for a year
carbon dioxide equivalent avoided by Sollatek Kenya products replacing kerosene lanterns