d.light closes USD$125M funding through a securitization facility to meet growing demand for off-grid solar products in Tanzania
New funding brings total potential in securitized financing raised since 2020 to USD$490M
d.light, the global provider of transformational household products and affordable finance for low-income households, today announced a $30 million securitization facility has been successfully secured from the Eastern and Southern African Trade and Development Bank Group (TDB Group), with the capability to purchase up to $125 million of receivable assets.
d.light will use the capital to increase its existing securitized financing facility in Tanzania and scale up its low-cost Pay-Go personal finance service in the country so that more low-income people and households can purchase the company’s affordable, solar-powered household products.
d.light has now raised $490 million in total securitized f...