Barefoot College

Barefoot College, a charitable entity founded in India, has been pioneering the adoption of solar electrification in remote rural villages since 1989. Its model centers on empowering women to train as solar technicians and salespeople who return to their villages and share their expertise. As Barefoot College scales this decentralized, grassroots, community-managed green energy solution to countries around the world, the college is encountering a short-term capital need for financing as equipment repayment, government commitments and philanthropic capital commitments is slower than the rate at which their entrepreneurs are able to deploy solar systems.

 

Amount:
$500,000
Interest Rate:
2%
Term:
3 year with two 3-year renewal options
Country:
India
Type:
Line of Credit
Status:
Active
Portfolio:
Transitional
Pool:
Direct Investments