Is it for you?
OMDF’s loan facility supports the on-going growth of off-grid solar distributors by focusing particularly on the working capital requirements for the commercialization of inventory and for refinancing consumer loans to end customers.
OMDF will invest along the value chains for the distribution of qualified solar products (Lighting Global / VeraSol certified products),including :
OMDF invests in companies at an early and mature stage.
OMDF will offer a range of loans to different types of companies, as summarized in the table below :
|Target companies||Type of Credit Line offered|
|1 – Solar distributors (with or without PAYGO model)||Short- or medium-term loans for working capital|
|2 – Traditional resellers||Loans for inventory financing|
|3 – Wholesale distributors||Loans for acquisition|
|4 – Microfinance and other financial institutions||Refinancing of solar loans to end consumers and distributors|
All companies wishing to receive a loan from OMDF must meet the following conditions :
In addition to the general eligibility criteria, companies offering loans for off-grid solar products must meet the following conditions:
OMDF will generally provide distributors of solar products with working capital financing associated with the funding of inventory (“inventory financing“) and consumer loans to end customers (“receivables financing“). Different types of financing may be combined into a single loan to the same company.
The size of the loan, the duration and the repayment plan will be defined with the company. The repayment plan will be defined in relation to the cash flows of the business, in particular the collection of cash from end customers.