M-KOPA Solar

Nairobi, Kenyam-kopa.com/
Invested through
  • Triodos Microfinance Fund
  • Triodos Fair Share Fund
Asset ClassesPrivate debt
Impact strategyFinancial Inclusion
Number of borrowers reached398,073
Female borrowers43%
Rural borrowers87%
Aligned with SDGs
  • No poverty

* Additional information

More than 1 billion people around the world do not have access or limited access to energy. M-KOPA Solar addresses this challenge. It uses an innovative approach to give low-income households in East Africa access to power: it combines mobile payments with GSM sensor technology to enable households to buy a solar home system at an affordable price.

In Kenya, more than eight million households spend a combined USD 1 billion on kerosene lighting. This costs a household on average USD 200 per year. A solar system from M-KOPA costs a one-off payment of USD 200. Kenyans can make a deposit of USD 35 to get this product. Then they pay USD 0.45 every day using their mobile phones.

This daily amount is lower than the amount they paid daily for kerosene. The GSM technology ensures that the solar energy system is activated when the credit has been paid. It will take customers about a year to pay the instalments, and then they own the solar energy system.