Solar power drive gets Sh11 million boost

Mr Saleem Abdulla, Managing Director Sollatek Electronics Kenya Ltd photo:courtesy

Sollatek Electronics Kenya Ltd, a regional off-grid energy solutions provider, is set to benefit from a Sh11.6 million loan from Netherlands-based Lendahand.

The latter is one of the largest debt crowdfunding platforms focused on lending to SMEs in emerging markets.

The 25 per cent first-loss protection loan will be used to purchase 2,000 solar lanterns and 200 solar home systems for off-grid households and small businesses.

Sollatek was established in Kenya in 1985 and was one of the first companies to enter the solar market.

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