Start by setting up your SunVest account. When your account is approved you’re all set to invest for sustainable businesses around the world.
You will be lending money to one of the solar businesses working with SunVest. These businesses sell and install solar systems to families throughout Nigeria. You will need to consider the return you are expected to receive, the time taken for your money to be repaid, and the risk of investing in the solar business.
Choose a loan to invest in. Each loan is a bit different in terms of impact, location, size and risk. You decide how much to invest from ₦5,000 minimum to whatever is left to fully fund the loan.
You can invest as little as ₦5,000, alongside the crowd. You can pay immediately with Sunpay Wallet or by online bank transfer. You can see the status of your investment in your account and you can add more to your investment at any time.
Once the project is fully funded, the money is transferred to the solar partner on the first day of the following month – your interest starts building from this date.
When the loan is fully funded, your money is transferred to the borrower – we refer to borrowers as solar partners. It’s now up to them to sell and distribute solar products to their customers.
The solar business uses your investment to purchase solar home systems, which are sold to households and businesses in the target country of the project. The families & businesses make monthly payments until they own the system outright, while the business maintains the system and is able to switch it off remotely if payments are not made.
Every month, you will receive both interest and a capital repayment from your chosen business. You can view these payments in your account. The solar business makes repayment with interest. You can ask for these funds to be repaid to you, or you can reinvest them in a new project.