Altech Issue 7: Democratic Republic of Congo - 8% Bond
£122,500 | 158 | 50 |
£2,000 invested
will help Altech provide 5 solar home systems and 47 solar lanterns to families living without access to electricity in DRC. 
13,725 families
to get access to life changing clean power Solar Power for off-grid homes in DRC
Investments in the Altech Bond offer will help create a positive social and environmental impact in the DRC by funding the purchase of 12,500 solar lanterns and 1,225 solar home systems, enabling 13,725 families to access clean power and light, improving the lives of an estimated 68,625 people in DRC. By being a Congolese company for Congolese people, Altech also aims to create thousands of new, local jobs in the sector.
About Altech
Key product information
Issuer: Altech Group SARL
Issuing Country: Democratic Republic of Congo
Investment target: £500,000
Minimum investment: £50
Maximum investment: No maximum
Maturity: 36 months
Expected interest rate: 8% per annum
Withholding tax rate: 20%
Interest payment frequency: 6 monthly
Capital repayment frequency: 6 monthly*
Financial instrument: Promissory note / Interest bearing bond
Security: Secured
*Please refer to the amortization schedule found on Page 35 of the offer document.
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
See what Simusolar do
Simusolar are one of the pioneering solar companies supported by the Energise Africa initiative, a joint venture between Lendahand and Ethex
What the project investment will enable
Through investments in this offer, Altech will address the critical need for electricity in the Democratic Republic of Congo, where an estimated 79% of the population lives without power, by financing solar equipment, including lanterns and home systems.
The purchase of solar home systems (SHS) has had a significant positive impact on households, with 36% of households generating additional income and 85% engaging in more economic activities. Additionally, 64% of customers highlight that their children have more time to study, improving educational outcomes. Notably, twice as many women than men report improved financial well-being and increased leisure time, demonstrating the broader positive effects of SHS on household quality of life.
Altech serves a customer base who have no or unreliable access to electricity. Altech offers an attractive entry-level solar home system for lower-income, rural households to help them gain reliable electricity access, as well as urban households or shop owners who step up the electricity ladder by purchasing a solar home system and appliance kit. The company also successfully operates in conflict zones and runs several electrification projects in refugee camps.
Through its diverse product offering combined with short and long-term payment plans, Altech has a solar energy solution for every household in several income levels. Altech customers buy the products through a Pay As You Go model, making a small down payment and a series of instalment payments on plans tailored to their needs. Through their deep local knowledge and national distribution network Altech has established itself as a leading off-grid energy provider in the DRC.
This page has been approved by Share In Ltd (“ShareIn”) (FRN 603332) on 03/03/2025 as a financial promotion for the purposes of Section 21 of the Financial Services and Markets Act 2000 (as amended). ShareIn’s approval of this page is limited to the communication of it by Lendahand Ethex Ltd (FRN 776908) as an appointed representative of ShareIn.
Altech
Altech began when its co-founders, Washikala and Iongwa, witnessed an energy deficit in the Democratic Republic of Congo from a very personal standpoint. They became refugees as children during the Congolese civil war and recalled having “no money for kerosene.” And their story is not necessarily unique, as the company developed solar energy technologies to combat the lack of access to electricity that they say affects as much as 79% of the country.
Today, Altech’s products include solar lamps, solar home systems and clean cookstoves. They aim to end energy poverty for 50 million people by 2030. Their customers have felt the benefits in a myriad of ways. To date it is estimated that Altech have improved the lives of over 2.5 million people in DRC, abated over 480,000 tonnes of carbon, employed over 3,000 people and saved over £48m in energy costs.
Social and environmental impact
Altech was founded by two former refugees who continue to drive the company’s growth, with an ambitious goal of positively impacting 50 million people in the Democratic Republic of the Congo (DRC) by 2030. So far, the company has improved the lives of over 2.5 million people, reduced carbon emissions by more than 480,000 tonnes, created over 3,000 jobs, and saved communities over £48 million in energy costs
Social Impact
Solar Home systems Altech has sold over 500,00 solar products in DRC, creating a significant positive impact on the lives of over 2.5 million people. Solar Home Systems have a proven positive impact on customers' lives:
36%
of households generate additional income
85%
engaging in more economic activities
64%
of customers highlight that children have more time to study, improving educational outcomes
20%
21
22%
23
24%
25
26%
27
28%
29
Environmental Impact
Solar home systems and solar lamps will replace kerosene as a fuel source, cutting carbon emissions and creating cleaner air for families. Using industry-recognised Global Off-Grid Lighting Association (GOGLA) impact metrics, Altech has calculated the environmental impact of deploying 12,500 solar lanterns and 1,225 solar home systems as follows:
68,625
lives improved
21,866
tonnes of CO2 saved over the lifetime of the systems and lanterns
61%
reduction in kerosene use for households using solar products
Offer Documents
Offer Document (Log In to download)