Over the next decade, solar energy will leapfrog the electricity grid in developing countries much like cell phones leapfrogged landlines. SunFunder is dedicated to financing this emerging solar market transformation.
SunFunder is solar finance business based in San Francisco and Tanzania that connects investors to high-impact solar projects that improve the lives of low-income communities in Africa, Asia and Latin America. We raise and aggregate capital to finance solar projects from both non-accredited investors on our web platform SunFunder.com and directly from accredited and institutional investors through our Solar Empowerment Fund (SEF) note issuances. Our focus is on providing short-term, working capital and project finance loans for solar lighting, phone charging, micro-grids and commercial solar projects.
SunFunder has financed $1.7 million of solar projects, with 15 solar companies in 6 countries, and maintains a zero percent default rate. This has helped over 140,000 people get access to affordable solar energy. In the next three years SunFunder aims to raise and deploy $100 million into solar projects around the world.
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