Mobisol has obtained a €10 million loan from the Finnish Fund for Industrial Cooperation (Finnfund). The loan is expected to aid the company to continue its expansion in Kenya, Rwanda, and Tanzania.
“We are delighted with Finnfund’s continued support to connect more and more people to a reliable source of energy. This not only contributes to socio-economic growth in under-serviced areas in East Africa, but also helps build a more sustainable future,” Thomas Gottschalk, executive director of the company said.
Mobisol has already installed 40,000 solar home systems in rural areas in Tanzania, Kenya and Rwanda. In the latter country, where it has been present since 2014, the company plans to provide solar kits to 49,000 households and 1,000 schools by 2018.