Kickstarter meets solar projects for rural villages in Africa, India and east Asia — that’s the idea behind startup SunFunder, and on Tuesday the company announced that it’s raised a Series A round of equity financing led by investor Vinod Khosla’s personal investment fund for poverty and development, Khosla Impact.
SunFunder has built a site that crowdfunds off-grid solar projects in developing countries like Uganda, Zambia, Kenya, and Tanzania. The crowd — for as little as $10 per person — puts up the money collectively, and then for many of the projects, the funders eventually get the money paid back to them over time.
A home solar system from SolarNow in Kayunga, Uganda
I put in about $25 in December 2012 for a pay-as-you-go solar light project in the Nairobi slums. My twenty five bucks went into a collective loan of $15,000 to distribute 1,000 of these solar lights…