25% Match Funded
36 months to mature 5% interest

BBOXX Capital Ltd - Rwanda 1: 5% Bond

£158,500
Raised

68
Investors

44
Days to run

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invested £100 invested

Each £100 invested through BBOXX Capital Ltd will enable one Rwandan family to buy a four light solar home system on a flexible payment plan to meet their needs

households 2,500 families

Your investment will help BBOXX to provide clean energy to approximately 2,500 families in Rwanda

Since they started operations in 2010, BBOXX has provided approximately 675,000 people in the developing world with access to smart, affordable, clean energy solutions. The three co-founders of BBOXX met at Imperial College London while studying Electrical and Electronics Engineering. All three had travelled in the developing world and recognised the challenge posed to community and business development by an unreliable electrical supply. BBOXX have ambitious plans to deliver clean, reliable energy to 20 million people by 2020.

This project benefits from match funding from UK aid. UK aid has provided an up-front match of £62,500, meaning that for every £3 invested into this project by the crowd an additional £1 will be invested through match funding.

About BBOXX

  • Sold more than 135,000 systems since 2010
  • Providing approximately 675,000 people with access to solar energy
  • Head office in London, UK.
  • Main operations in Rwanda, Kenya, Nigeria, Democratic Republic of Congo & Togo.
  • Directly employs 425 people across the countries in which they operate
  • Founded in 2013 in London, UK
  • Global Cleantech Top 100 company 2017 & 2018
  • BBOXX Rwanda recently certified as 'Great Place to Work'
  • Turnover of £11 million in 2017
  • Key product information

    Investment target: £250,000

    Minimum investment: £50

    Maximum investment: No maximum

    Maturity: 36 months

    Expected interest rate: 5% per annum

    Interest payment frequency: 6 monthly

    Notional repayment: 6 monthly

    Financial instrument: Unsecured interest bearing bond

    Security: Unsecured

    Key risks

    This is a bond issued by a single company (rather than a savings product) and therefore it is recommended that you are careful with the amount you invest.

    You must read the investment memorandum (provided below) where a full statement of risks is presented.

    Documents

    BBOXX in the media

    What the project investment will enable

    BBOXX has provided Solar Home Systems to 135,000 households across the developing world since 2010. A BBOXX system enables households to access affordable, clean electricity and enjoy reliable lighting, phone charging, television and radio. Their pay-as-you-go payment plans allow for customers to match their income schedules to payments for their BBOXX system. This is crucial for many customers that have intermittent and uneven income streams (e.g. dependent on crop harvests) and allows customers to take control of their personal finances.


    BBOXX's flagship Solar Home System, BBOXX Home, is Lighting Global Quality verified. Lighting Global Quality verification is granted only to products that meet the Lighting Global Quality Standards through undergoing successful testing under rigorous technical standards. BBOXX Home comes with a 50W solar panel and 17Ah battery, 4 LED lights (with a total output of 470 lumens), a TV, 2 USB ports, as well as 6 12v ports, which can be used for running other appliances. The system can also be pay-as-you-go enabled. Customers make repayments and then own the systems outright typically after 36 months (but can vary depending on their personal Hire Purchase Agreement). After the fixed term, customers pay a monthly Energy Service Fee in order to cover maintenance costs.


    BBOXX has an ambitious plan to provide 20 million people with access to clean, affordable energy by 2020. BBOXX Capital Ltd aims to raise £250,000 of investment, enabling them to manufacture at least 2,500 BBOXX Home systems and deploy these across Rwanda from their distribution centre in Kigali.

    BBOXX Capital Ltd

    BBOXX Capital Ltd are looking to raise £250,000 from this bond issue as working capital to expand their operations across Rwanda. The money will be used for purchasing stock for deployment across their network of shops in Rwanda from a main distribution centre in Kigali. The number of people without access to electricity in Rwanda stands at 9.5 million. Your investment will allow BBOXX to make a SHS system available to a Rwandan family living off-grid that would otherwise be out of their financial reach.



    BBOXX also invests heavily in 'Human Capital' in the markets in which they operate. Not only are they aiming to provide electricity to 20 million people by 2020, but they also provide employment opportunities. BBOXX Rwanda was recently recognised as a 'Great Place to Work', meaning they are now globally recognised as a business valued by their employees.


    Social and environmental impact

    Solar home systems, such as BBOXX Home, have been shown to have a significant impact on customers' lives and the environment. To date, BBOXX has sold more than 135,000 systems, with the potential to provide approximately 675,000 people with access to solar energy.

    Social Impact

    Social Impact

    The installation of solar home systems to off grid families has significant impacts that can be divided into the following categories: lifestyle, flexibility, health and safety, and economic. A recent (December 2017) survey of BBOXX customers revealed:

    89%

    of customers are not connected to the grid

    87%

    of customers said that their BBOXX SHS was the first product they had bought on credit

    66%

    of customers were previously using kerosene as their main source of light before accessing BBOXX

    39%

    of previous kerosene users reported having fire-related accidents from using it

    88%

    of previous kerosene users reported health issues from using it

    95%

    of customers said that pay-as-you-go as a payment method suits them

    Environmental Impact

    Environmental impact

    Using industry-recognised Global Off-Grid Lighting Association (GOGLA) impact metrics, BBOXX has calculated the environmental impact of installing 2,500 BBOXX Home systems as follows:

    12,500

    Number of people who will enjoy clean energy access

    $199USD

    Average new household saving on energy-related expenditure over solar product lifetime

    0.39tonnes

    Total greenhouse gas emissions offset per household over the lifetime of the product

     

    Frequently Asked Questions