|Product||Unsecured interest bearing bond|
|Offer opened||5th October 2017|
|Offer closes||4th December 2017|
|Expected Interest Rate||5%|
|Minimum investment amount||£50|
|Maximum investment amount||No maximum|
|Interest Payment frequency||6 monthly|
SolarNow makes solar energy accessible and affordable to households in East Africa that are currently off-grid by taking a large scale and systematic approach.
SolarNow installs solar panels on homes and businesses across rural East Africa, providing them with reliable, sustainable and clean energy. Since 2011, SolarNow has sold over 16,000 systems to 5,000 entrepreneurs and 100,000 people.
The SolarNow Bond offers an interest rate of 5% per annum paid semi annually. The interest rate is variable.
Each £300 invested will enable a Ugandan family or business to buy a solar home system in affordable instalments over 24 months.
Your investment will help SolarNow to provide clean energy to 300 families and 50 businesses in Uganda.
A survey by SolarNow found that 71% of their customers had increased the opening hours of their business; on average by 2 hours, and children were able to study for an hour longer per day with access to bright and safe light.
Investment product details and risk factors
What it does, latest financial and social performance
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 SolarNow 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.
The Ethex team are here to help from 9am to 5pm
01865 403 304