IFC, BIX Capital Partner to Finance Climate-Smart Appliances for Low-Income African Households

IFC, a member of the World Bank Group, and BIX Capital B.V, a Netherlands-based impact investment company, have joined forces to provide working capital financing to manufacturers and distributors of climate-smart household appliances, an initiative that will help bring clean cook stoves, water purification systems, biogas digesters, and other appliances to low-income African households. 

IFC, FMO Netherlands and other investors committed USD 15 million to BIX Capital, which will provide pre-finance to manufacturers and distributors in this nascent industry, backed by future cash flows from carbon credits generated by clean appliances. The manufacturers cannot currently obtain financing from traditional sources because they have not yet reached breakeven sales volumes. 

Read Full Announcement

International Finance Corporation (IFC)
Tuesday, June 5, 2018
Back To List