Why do I receive a repayment every 6 months and not as a lump sum at the end of the bond term?

The Solar Businesses in which you have invested make solar home systems (SHS) available to African families under affordable hire-purchase agreements.  As African families make monthly payments to the Solar Businesses, they in term can return money to you.  We’ve designed a bond product that allows Solar Businesses to return invested capital to their investors on a 6-monthly basis.  This is known as an Amortizing loan, and while this might sound complicated, the benefit to Solar Businesses is that they never have to borrow more than they need at that moment in time.