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Closing a cycle: Proven lending processes allow first reinvestment of the adOpes Microsleasing Fund

Just as a drop of water can give life, so can financial resources.

When a drop of water falls, a cycle closes. For us at adOpes, too, the investment cycle is closing for the first time. Just ten months after launching the adOpes Microleasing Fund, we are happy to announce the first reinvestment of income from the fund. adOpes will invest USD 100,000 in Empawa SACCO, a Kenyan savings and credit cooperative.

Our investments in Kenya, Uganda, and Tanzania are having an impact. Our lending process with local consultants, supported by a strong local investment committee of top managers from banks and microfinance institutions with regional experience, is paying off: With zero non-performing loans to date, we have earned enough returns of interest and principal payments from our Microleasing Fund to make our first reinvestment.

The USD 100,000 investment will go to Empawa SACCO. Empawa is a successful, fast-growing savings and credit cooperative based in Nakuru (Kenya) serving over 5,000 members in the Western, Rift Valley, Mount Kenya, Eastern, and Nairobi regions. Empawa’s main loan products include financing agricultural and solar equipment, mobility assets such as motorbikes, tuk-tuks, and taxis, and water solutions such as tanks, pumps, and irrigation systems.

Empawa encourages daily savings and finances the growing demand for clean energy as a viable alternative to an expensive and inefficient electricity grid. The SACCO provides capital for insured equipment and installation. adOpes’ investment will generate a multiple increase in income for the borrowing farmers.

We are proud and happy for this milestone in our effort to positively impact both local financial institutions and farmers in East Africa.

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