SocGen, CreditAg complete African microfinance solar securitization

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By Tom Brown
05 Mar 2020

NEoT Offgrid Africa (NOA) has completed a microfinance securitization of sub-Saharan African solar trade receivables with arrangers with Société Générale and Credit Agricole to help fund renewable electricity across the Ivory Coast.

The project was intended to offer to rural populations solar panels and the associated battery, paid for with a three year monthly installment loan.

Operating company Zola EDF Côte d'Ivoire (ZECI) provides appliances to customers and acts as the operator on the deal. ZECI is a joint venture between ...

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