LMD funding database

According to the GDC’s Last Mile Distribution: State of the sector report, last mile distributors (LMDs) have been surprisingly successful in accessing external financial support, given their small size. In 2019 86% of surveyed LMDs had raised grant funding, 69% had raised debt funding, and 41% had raised equity funding; while 28% had raised all three types of capital. However, most equity and debt has come from family, friends, angel investors, crowdfunders, or founders themselves. The kind of longer-term, larger-scale commercial financing needed for growth-stage companies is also not widely available.

Access to finance is consistently cited as GDC members’ number one priority and top challenge. Before COVID-19, 94% of GDC members were looking for additional financial support and that need has stayed largely consistent during the pandemic. Learn more about our members’ finance requirements and the COVID-specific opportunities available in our ‘Fundraising in the face of COVID-19’ webinar.

Below are the donors, investors and lenders who have provided various forms of finance to GDC members. If you know of others, please let us know!

Fund Name

Type

Size

Sectors

Geography

Application

Examples of GDC investees

Debt or equity

$250k-3m

All

East Africa, West Africa, India, Pakistan, Latin America, or the United States.

Open (through referrals)

Easy Solar, Frontier Markets, Solaris Off-grid, Simusolar, Tulaa

Grants or repayable grants

Depends on the competition

Clean energy

Sub-Saharan Africa

Several windows a year

Inyenyeri, Vitalite Zambia, Zonful Energy

Debt

$50k-500k

All

Latin America and South East Asia

Open

Ecofiltro, Ilumexico, Sistema.bio, Nazava, ATEC*

Debt (crowdfunded)

€100k-2.5m

Positive environmental impact

Borrower registered in Kenya, Nigeria, Senegal, Germany, Austria, Bulgaria, Singapore.

Open

Vitalite Senegal, Bonergie, Bidhaa Sasa, WidEnergy Africa Ltd, Pawame

Grants

Depends on the competition

Clean cooking

Global

Several windows a year

Potential Energy, Bidhaa Sasa, UpEnergy, Livelyhoods

Grants or debt

Max 1/3 of project's budget

Sustainable energy, circular entrepreneurship

East Africa and India

Open

Pollinate Group, Frontier Markets and Livelyhoods, Inyeneri, Jiro-Ve, Offgrid Box, Shine, Simusolar, Sistema.bio

Grants

up to $20k

All

Global

Bi-annual competition

Altech, Mukuru Clean Stoves, Endurance Electric, Harness Energy, Deevabits Green Energy, Livelyhoods, Essmart

Debt (unrestricted capital)

$300k

All

Global

Open

Solar Sister, Pollinate Group, Livelyhoods

Grants

$200k-1m

Clean energy

Southern & East Africa

Annual calls (2020 now closed)

Inyenyeri, Livelyhoods, Solarworks!, Vitalite Zambia, Mukuru Clean Stoves, Offgrid Box, Sistema.bio, Zonful Energy

Equity

€100k-1m (minority stake)

Household energy, clean cooking

Sub-Saharan Africa

Open

Ilumexico, Frontier Markets, Sistema.bio, ATEC*

Equity

$150k-500k

Energy access and clean cookingEnergy access and clean cooking

Global (Sub-Saharan Africa preference)

Open

Easy Solar, UpOwa, Solaris Off-grid, Oolu, Hybrid Social Solutions

Debt (crowdfunded)

$1-500k

All

Global

Open

Bidhaa Sasa, Solar Solutions PNG, Hydrologic Social Enterprise Co. Ltd, EcoGen, Livelyhoods, Ilumexico, Solubrite, ATEC*, Nazava, Vitalite, Zonful, Rent to Own, Soluz Honduras

Early stage equity

$50k-500k (also invests human capital alongside financial capital)

Energy access

Sub-Saharan Africa

Open

Oolu Solar, Solarworks!, upOwa, Zonful Energy

Grant (for SEED awardees only)

~$25k

WASH, agriculture, clean energy

Ghana, India, Indonesia, Malawi, South Africa, Thailand, Uganda, Zambia, Zimbabwe

Annual awards scheme

Green Impact Technologies, SPOUTS of Water, Kukula Solar, Pollinate Group, Solar Sister, Natfort Energy, Sunny Money

Debt

Off-grid solar (Angaza customers only)

Global

Open

Easy Solar

Debt

$250k-5m

Off-grid solar

Sub-Saharan Africa, India

Open

SolarWorks!

Grants

Max $250k

Agribusiness, off-grid energy, social entrepreneurship (African-owned, African-led enterprises only)

Africa

Several windows a year

Sky Power, Ecobora, M&NDA Company, Natfort Energy

.