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Energise Africa

OOLU Solar Issue 2 - Senegal

Key facts

Status OPEN
Product Unsecured interest bearing bond
Offer opened 22nd August 2018
Offer closes 21st October 2018
Expected Interest Rate 6%


Minimum investment amount £50
Maximum investment amount No maximum
Target £150,000
Term 6 months
Interest Payment frequency 6 monthly

About OOLU

OOLU LLC is a US based company incorporated in 2017 and is one of the fastest growing off-grid solar companies in West Africa. "Oolu" means trust in Wolof, the local language most commonly spoken in Senegal, and so corresponds with OOLU's goal to provide quality products and after sales service that communities and customers can trust. Since their incorporation they have installed over 45,000 solar home systems to families in Senegal and Mali and are looking to expand their operations into Burkina Faso and Nigeria in 2018.

Financial return

The OOLU Solar Issue 2 Bond offers an interest rate of 6% per annum paid semi annually.

Social return

Every £267 invested will enable OOLU Solar to install 1 modular Solar Home System to households previously off the grid.

Information about OOLU

Investment product details and risk factors

Information about the Energise Africa project

What it does, latest financial and social performance

Investment Memorandum

To access the OOLU Solar Investment Memorandum, you must register on the Lendahand website

IMPORTANT INFORMATION FOR PROSPECTIVE INVESTORS

If you are in any doubt about the information on this website, the content of the accompanying annual report or the action you should take, you should immediately consult a person authorised for the purposes of the Financial Services and Markets Act 2000, who specialises in advising on investment in shares and other securities.

Prospective investors should be aware that the ability of the enterprise to pay both interest on the bonds and the intial capital invested is dependent upon it being able to deliver against its business plan. Your capital is at risk and, in the event of SolarWorks! not being able to pay the interest or full inital capital that you invested any losses will not be covered by a depository guarantee scheme.

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Why use Energise Africa?

  • Choose a project
  • Lend Money
  • Create new opportunities for African families

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