Project detail - EDGE GROWTH BLUE SKIES (PTY) LTD

EDGE GROWTH BLUE SKIES (PTY) LTD

Back to map

Who is our client

The customer is Easy Solar, a PAYGO solar system producer and distributor in Sierra Leone. They offer a range of products including solar lanterns, home lighting systems, appliances and cookstoves on affordable financing plans. The consultant to provide technical assistance to Easy Solar is 10X-e, a specialist division within Edge Growth, which focuses on high growth ventures.

Funding objective

The funding objective is to support Easy Solar to strengthen the organizational aspects of the business including management set-up, reporting structures and culture with the view of creating immediate improvements as well as recommending priorities for future management focus and technical assistance efforts.

Why we fund this project

This project is funded through the Investee Strengthening component of the FMO Ventures Program Technical Assistance Facility, co-funded by the Dutch Government and European Commission. This component seeks to enable the Ventures Program investees to meet relevant standards, improve company performance efficiency and revenue, and increase the impact of their business. This project supports these objectives by significantly contributing to the investee’s operational excellence in the short term and prioritizing additional organizational development initiatives for the mid-long term.

Region
Africa
Country
Sierra Leone
Sector
Infrastructure, Manufacturing and Services
Signing date
11/11/2021
Total FMO financing
EUR 0.01 MLN
Fund
FMO
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)