Ener­Grow Ltd.

Ener­Grow is an elec­tri­cal equip­ment financ­ing start­up based in Ugan­da. We work with ener­gy com­pa­nies to help peo­ple buy appli­ances they would­n’t nor­mal­ly be able to afford to increase their income.

Why? Hun­dreds of mil­lions of peo­ple across Africa have expen­sive on-grid and off-grid elec­tric­i­ty con­nec­tions that are hard­ly used. Cus­tomers can afford elec­tric­i­ty, but they can’t afford appli­ances to earn an income.

This sit­u­a­tion is caus­ing ener­gy com­pa­nies across Africa to be eco­nom­i­cal­ly chal­lenged while their cus­tomers are stuck in an unnec­es­sary pover­ty trap. Ener­gy com­pa­nies are slow to expand into rur­al areas and can­not pro­vide good ser­vice even in urban areas because so many cus­tomers use so lit­tle that ener­gy com­pa­nies often can­not afford to main­tain their infrastructure.

Ener­Grow pro­vides loans to micro, small and medi­um enter­pris­es (MSMEs) and house­holds for plants or equip­ment val­ued between US$50 and US$5,000 over a peri­od of between 6 months and 3 years.