Financing Clean Energy in Uganda

OUR STORY

72% of Ugandans lack access to electricity. Rural cooperatives and Community Based Organizations (CBOs) created by members of the community know this problem well. Solar energy, non-electric water filters, improved biomass cookstoves, and fuel briquettes are all modern low-cost technologies that can solve rural and refugee settlement energy problems.

The ENVenture program powered by New Energy Nexus empowers rural CBOs in Uganda to start clean energy enterprises. Through our Seed Incubator, we invest small amounts in a large number of CBOs. Over a 1-year period of monitoring their energy sales and loan repayments, the best performers are selected for our Growth Accelerator which offers larger debt, financial management support, and investment-readiness.

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OUR ENTERPRISES

Access to energy

95,000

People

Carbon offset

59,000

Metric Tons

income saved

$2.9 M

Annually

jobs created

600

70% women

Investments

made

108

$184,000 deployed

BLOG

We Need to Talk About Product Market-Fit in the Last Mile

The truth is, the product might be great, but there isn’t a market fit for it in rural Uganda. Even with innovations in pay as you go technology, these financing schemes still struggle to land base of pyramid consumers. That is because most cannot afford the down payment required, crop seasonality affects their ability to pay on time regularly