- d.light and Chapel Hill Denham have closed $7.4 million in securitized financing to fund off-grid solar expansion in Nigeria
- The financing by Chapel Hill Denham’s Nigeria Infrastructure Debt Fund aims to scale up d.light’s low-cost pay-go offering of affordable, solar-powered products targeted at low-income households.
- This transaction signifies a pivotal stride in sustainable infrastructure investment in Nigeria, says Bolaji Balogun, CEO of Chapel Hill Denham.
d.light, a global provider of household products and affordable finance for low-income households, and Chapel Hill Denham, Nigeria-based alternatives asset manager, have announced closing a landmark $7.4 million (N10 billion) securitized financing facility.
This new financing, provided by Chapel Hill Denham’s Nigeria Infrastructure Debt Fund, aims to scale up d.light’s low-cost pay-go offering of affordable, solar-powered products targeted at low-income households.
The financing structure was set up and sponsored by African Frontier Capital, which also acts as the master servicer and backup …
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