responsAbility Leads US$1.5 Million Debt Round for PEG Africa (Sub-Saharan Africa)
Source: Disrupt Africa, TechMoran | Author(s): Tom Jackson
Development finance-focused asset manager responsAbility Investments has led a US$1.5 million debt financing round for Ghana-based pay-as-you-go solar energy provider PEG Africa. Social investor Oikocredit and solar energy-focused crowdfunding platform SunFunder also participated in the round. The investment will be used to fund the purchase of solar home systems intended to reach 75,000 people in Ghana.