Projects

Solar Cooperative Uganda

100% Confirmed Amount = € 48.000,00
Reserved Amount = € 0,00
€ 48.000,00
100% Funded
5 yr

term

7.5%

a year

3 mth

grace period

monthly

instalment

C+

rating

sustainable_energy

Sustainable energy

2. Zero Hunger

SDG 2. Zero Hunger

8. Decent Work and Economic Growth

SDG 8. Decent Work and Economic Growth

7. Affordable and Clean Energy

SDG 7. Affordable and Clean Energy

Solar energy for a dairy cooperative in Uganda.

Impact

This project at the Baitambogwe Dairy Cooperative in Uganda will have a very positive impact on the environment and on the country’s population (on both the producers and the population served by the cooperative).

Environmental Impact

The switch to solar energy will reduce the Cooperative’s diesel consumption by 7.300 liters/year, thus avoiding the emission of 19,3 tons of CO2/year, the equivalent to planting 877 trees.

Social Impact

An estimated 37% of Uganda’s population lives under the poverty threshold of US$1.90 a day. Nevertheless, it is the largest refugee-hosting country in Africa. This project will improve the living conditions of the population served by the cooperative.

  • Better working conditions: by increasing the lighting around the plant with external safety lights, street vendors will manage to work longer hours.

  • Improved children’s health: every year, more than 5.000 people living in Gomba and Mayuge, where the milk is supplied, will benefit from easily available milk with a high nutrition value. This will help tackle children's malnutrition.

  • Greater financial autonomy: the current income earned by milk producers is not enough to give them financial autonomy. The improved energy supply and increased refrigeration capacity will increase the cooperative’s capacity to acquire milk, therefore resulting in an estimated 50 % increase in revenue for its 536 farmers, contributing to their sustainability.

  • More gender equality: the cooperative training for the deployment and use of the solar system will prioritize the 268 women that are cooperative members, therefore supporting women to become decision-makers. Furthermore, 45% of the leadership positions at Baitambogwe Dairy Cooperative are filled by women. Finally, it will also ease the labor burden for the women who currently have to transport milk to distant milk cooling centers.

  • Job generation: by building reliable and sustainable infrastructure, this project will motivate more farmers to take up lucrative dairy businesses in Uganda, hence creating direct and indirect jobs (estimates point to over 1.000). Technical jobs will also be created in the solar sector to trained technicians and local people who will be trained to operate and maintain the solar plants.

Project Information

With more than 8 years of experience in the renewable energy sector, the SolarPipo group is a one-stop-shop partner for solar projects for Uganda’s dairy sector. The company's goal is to unburden the processes of acquiring and installing solar systems for cooling, water pumps, and other productive uses of dairy cooperatives in Uganda.

The funds raised through this campaign will be used to finance a solar energy project at the Baitambogwe Dairy Cooperative in Uganda. The project includes the replacement of a diesel generator by a 15 KVA solar power plant; the acquisition of a 2.000 L milk cooler (voltage 380 V and 1,1KW) powered by solar energy; and the switch to solar energy of a yogurt processing machine currently running on diesel. By recurring to clean energy, the current cost of cooling the milk will decrease, making the energy more affordable to cooperative milk producers.

The Baitambogwe Cooperative started in 2002 as an informal group of small farmers, turning into an association in 2005, with most of its resources being obtained with the support of Heifer International. After this support ended, in 2010, the cooperative subsisted by recurring to membership fees, share capital, animal sales, and milk sales until 2011.

In 2012, the Cooperative was formally funded by 140 members becoming more and more popular among the communities where it operates, over the years.

In 2019, it gained a UGX 20M loan from ECLOF and received a grant of UGX150m from the Private Sector Foundation Uganda.

Currently, with 536 members, the Cooperative’s most relevant product is milk, managing three coolers with a capacity of 80L, 400L, and 1.000L. These freezers are located in the Magamaga town council, being used by milk and yogurt retailers

Financial Viability

The average cooperative in Uganda would need an investment of € 75.000 (for equipment, and loan costs) for such a project. This loan in Ugandan Shillings (UGX) will be paid back in 5 years at a cost of € 1.350 a month, a very acceptable price for the farmers, given their current expenditure on diesel and maintenance.

P&E Ltd. is a Ugandan subsidiary of the project promoter, SolarPipo Finance B.V. The company will receive a fee to install the equipment and ensure the project funding. It will also provide services throughout the project lifetime (5 years): customer support, training, maintenance, and technical assistance and optimization of the equipment usage, based on gathered consumption data.

100% Funded
5 yr

term

7.5%

a year

3 mth

grace period

monthly

instalment

C+

rating

sustainable_energy

Sustainable energy

2. Zero Hunger

SDG 2. Zero Hunger

8. Decent Work and Economic Growth

SDG 8. Decent Work and Economic Growth

7. Affordable and Clean Energy

SDG 7. Affordable and Clean Energy

Solar energy for a dairy cooperative in Uganda.

100% Confirmed Amount = € 48.000,00
Reserved Amount = € 0,00
€ 48.000,00

Impact

This project at the Baitambogwe Dairy Cooperative in Uganda will have a very positive impact on the environment and on the country’s population (on both the producers and the population served by the cooperative).

Environmental Impact

The switch to solar energy will reduce the Cooperative’s diesel consumption by 7.300 liters/year, thus avoiding the emission of 19,3 tons of CO2/year, the equivalent to planting 877 trees.

Social Impact

An estimated 37% of Uganda’s population lives under the poverty threshold of US$1.90 a day. Nevertheless, it is the largest refugee-hosting country in Africa. This project will improve the living conditions of the population served by the cooperative.

  • Better working conditions: by increasing the lighting around the plant with external safety lights, street vendors will manage to work longer hours.

  • Improved children’s health: every year, more than 5.000 people living in Gomba and Mayuge, where the milk is supplied, will benefit from easily available milk with a high nutrition value. This will help tackle children's malnutrition.

  • Greater financial autonomy: the current income earned by milk producers is not enough to give them financial autonomy. The improved energy supply and increased refrigeration capacity will increase the cooperative’s capacity to acquire milk, therefore resulting in an estimated 50 % increase in revenue for its 536 farmers, contributing to their sustainability.

  • More gender equality: the cooperative training for the deployment and use of the solar system will prioritize the 268 women that are cooperative members, therefore supporting women to become decision-makers. Furthermore, 45% of the leadership positions at Baitambogwe Dairy Cooperative are filled by women. Finally, it will also ease the labor burden for the women who currently have to transport milk to distant milk cooling centers.

  • Job generation: by building reliable and sustainable infrastructure, this project will motivate more farmers to take up lucrative dairy businesses in Uganda, hence creating direct and indirect jobs (estimates point to over 1.000). Technical jobs will also be created in the solar sector to trained technicians and local people who will be trained to operate and maintain the solar plants.

Project Information

With more than 8 years of experience in the renewable energy sector, the SolarPipo group is a one-stop-shop partner for solar projects for Uganda’s dairy sector. The company's goal is to unburden the processes of acquiring and installing solar systems for cooling, water pumps, and other productive uses of dairy cooperatives in Uganda.

The funds raised through this campaign will be used to finance a solar energy project at the Baitambogwe Dairy Cooperative in Uganda. The project includes the replacement of a diesel generator by a 15 KVA solar power plant; the acquisition of a 2.000 L milk cooler (voltage 380 V and 1,1KW) powered by solar energy; and the switch to solar energy of a yogurt processing machine currently running on diesel. By recurring to clean energy, the current cost of cooling the milk will decrease, making the energy more affordable to cooperative milk producers.

The Baitambogwe Cooperative started in 2002 as an informal group of small farmers, turning into an association in 2005, with most of its resources being obtained with the support of Heifer International. After this support ended, in 2010, the cooperative subsisted by recurring to membership fees, share capital, animal sales, and milk sales until 2011.

In 2012, the Cooperative was formally funded by 140 members becoming more and more popular among the communities where it operates, over the years.

In 2019, it gained a UGX 20M loan from ECLOF and received a grant of UGX150m from the Private Sector Foundation Uganda.

Currently, with 536 members, the Cooperative’s most relevant product is milk, managing three coolers with a capacity of 80L, 400L, and 1.000L. These freezers are located in the Magamaga town council, being used by milk and yogurt retailers

Financial Viability

The average cooperative in Uganda would need an investment of € 75.000 (for equipment, and loan costs) for such a project. This loan in Ugandan Shillings (UGX) will be paid back in 5 years at a cost of € 1.350 a month, a very acceptable price for the farmers, given their current expenditure on diesel and maintenance.

P&E Ltd. is a Ugandan subsidiary of the project promoter, SolarPipo Finance B.V. The company will receive a fee to install the equipment and ensure the project funding. It will also provide services throughout the project lifetime (5 years): customer support, training, maintenance, and technical assistance and optimization of the equipment usage, based on gathered consumption data.

SolarPipo Finance B.V.

Active since
2020
Fiscal Country
Netherlands
Operating in
Uganda
Industry
Renewable Energy
GoParity Loans
1
About SolarPipo Finance B.V.

Founded in 2017, SolarPipo BV is a Dutch holding company, based in Amsterdam. Its shareholders are Ugandan nationals and two Dutch companies - Rockstart BV and Beehaeve. To better deal with all the funding aspects of the group, the holding company created SolarPipo Finance BV, which in turn owns 100% of SolarPipo Finance Limited in Uganda. The latter contracts directly with the dairy cooperatives.

SolarPipo’s main goal is to ease the access to renewable energy for the country’s dairy sector. The company provides its customers, typically dairy cooperatives and farmers, access to a cost-effective and reliable alternative to the grid or diesel generators. Their services answer to the whole sector’s value chain: from the financing to the solar system design and installation; to the technical assistance and system maintenance.

The SolarPipo team, currently composed of 5 people, has a combined experience of over 8 years in the renewable energy sector, product development and management, sales and marketing, team building skills. Its core has been at the helm of management of startups with a keen eye on innovation.

The Business Model

SolarPipo’s business model is based on sharing the benefits of solar systems with its customers (mainly dairy cooperatives). Without any need for investment from the end client, the promoter replaces diesel generators with solar power plants, owning the equipment during the first 5 years. The switch to solar energy allows the cooperatives to reduce costs throughout the lifetime of the solar power plants (usually 15 to 20 years). The saved costs are then used to pay for the loan made to purchase the solar installations. The loan interest and the service fees are aligned with local practices, providing enough margin for a reasonable return on the investments made. Besides ensuring funding for the projects and handling the installation of the equipment, SolarPipo remains a close partner to the cooperatives during the first 5 years, answering customer questions, further optimizing the total installation, correcting faults, and optimizing usage with the gathered data. The volume of available projects in Uganda is large, making the growth potential quite high.

SolarPipo believes in the power of alternative lending to extend access to funding for energy projects in Africa.

Track Record

SolarPipo is currently composed of five members with a combined experience of over 8 years in the renewable energy sector:

Hashim Mutanje

Mwamed Sizoomu

Flip Goudsmit

Erik Luttjehuizen

Leslie Murungi

Together, they are aware of challenges that come with providing clean and efficient energy to off-grid SMEs and they are committed to solving these challenges.

SolarPipo Finance BV was founded in April 2020 and is the majority of the shares belong its Dutch shareholders, that have a combined 60 years of experience with Rockstart having the most relevant experience in smart energy ventures and startups.

Promoter Rating: C+

Guarantees

This project has no guarantees. Neertheless, the company's shareholder provided Comfort Letters.

SolarPipo Finance B.V.

Active since
2020
Fiscal Country
Netherlands
Operating in
Uganda
Industry
Renewable Energy
GoParity Loans
1
About SolarPipo Finance B.V.

Founded in 2017, SolarPipo BV is a Dutch holding company, based in Amsterdam. Its shareholders are Ugandan nationals and two Dutch companies - Rockstart BV and Beehaeve. To better deal with all the funding aspects of the group, the holding company created SolarPipo Finance BV, which in turn owns 100% of SolarPipo Finance Limited in Uganda. The latter contracts directly with the dairy cooperatives.

SolarPipo’s main goal is to ease the access to renewable energy for the country’s dairy sector. The company provides its customers, typically dairy cooperatives and farmers, access to a cost-effective and reliable alternative to the grid or diesel generators. Their services answer to the whole sector’s value chain: from the financing to the solar system design and installation; to the technical assistance and system maintenance.

The SolarPipo team, currently composed of 5 people, has a combined experience of over 8 years in the renewable energy sector, product development and management, sales and marketing, team building skills. Its core has been at the helm of management of startups with a keen eye on innovation.

The Business Model

SolarPipo’s business model is based on sharing the benefits of solar systems with its customers (mainly dairy cooperatives). Without any need for investment from the end client, the promoter replaces diesel generators with solar power plants, owning the equipment during the first 5 years. The switch to solar energy allows the cooperatives to reduce costs throughout the lifetime of the solar power plants (usually 15 to 20 years). The saved costs are then used to pay for the loan made to purchase the solar installations. The loan interest and the service fees are aligned with local practices, providing enough margin for a reasonable return on the investments made. Besides ensuring funding for the projects and handling the installation of the equipment, SolarPipo remains a close partner to the cooperatives during the first 5 years, answering customer questions, further optimizing the total installation, correcting faults, and optimizing usage with the gathered data. The volume of available projects in Uganda is large, making the growth potential quite high.

SolarPipo believes in the power of alternative lending to extend access to funding for energy projects in Africa.

Track Record

SolarPipo is currently composed of five members with a combined experience of over 8 years in the renewable energy sector:

Hashim Mutanje

Mwamed Sizoomu

Flip Goudsmit

Erik Luttjehuizen

Leslie Murungi

Together, they are aware of challenges that come with providing clean and efficient energy to off-grid SMEs and they are committed to solving these challenges.

SolarPipo Finance BV was founded in April 2020 and is the majority of the shares belong its Dutch shareholders, that have a combined 60 years of experience with Rockstart having the most relevant experience in smart energy ventures and startups.

Promoter Rating: C+

Guarantees

This project has no guarantees. Neertheless, the company's shareholder provided Comfort Letters.

Payments Status: On time

Payments Status: On time