Ren Solar — receivables note
Ren Solar Distribution PLC · Clean energy · Addis Ababa
Fixed-income note financing pay-as-you-go solar receivables. 12% per annum paid quarterly, 24-month term, secured against the receivables book.
Key terms
- Instrument
- Secured note
- Interest rate
- 12% p.a.
- Term
- 24 months
- Repayment
- BULLET
About the company
Ren Solar distributes pay-as-you-go solar home systems to off-grid households across Oromia and SNNPR, with 18,000 units deployed to date.
- Legal form
- PLC
- Registration
- MT/AA/14/0044556
- TIN
- 0087654321
- Incorporated
- 2021
Impact
18,000 pay-as-you-go solar home systems deployed to off-grid households.
Figures are declared by the issuer in the disclosure package, not verified by the platform.
Disclosure package
Financial statementsv1 · c47e0eeb75… · published 10 Aug 2026
Audited financial statements for Ren Solar Distribution PLC covering the two most recent fiscal years, prepared under IFRS for SMEs and signed by an ECMA-recognised audit firm.
Offering memorandumv1 · c4522f3536… · published 10 Aug 2026
Full offering memorandum for Ren Solar Distribution PLC. Contains the complete legal terms of the offer, the issuer's corporate history, capital structure, material contracts, litigation history and audited financial statements.
Key risk summary (plain language)v1 · be36ffef52… · published 10 Aug 2026
This is a loan to a private company, not a bank deposit, and it is not protected by any deposit guarantee. If the company cannot repay, you may lose some or all of your money. Repayment depends on collections from pay-as-you-go customers, who may default. Security is limited to the pledged receivables book. Interest is not guaranteed.
Security termsv1 · 146e98c885… · published 10 Aug 2026
Secured note bearing 12% per annum, interest paid quarterly, principal repaid as a bullet at 24 months. Secured by a first-ranking charge over the receivables book.
Use of fundsv1 · 9b7fd169a0… · published 10 Aug 2026
Finance solar home-system inventory and customer receivables, ring-fenced in a dedicated collection account.
Each document is immutable once published. Corrections are issued as a new version, never an overwrite, so the exact text an investor relied on remains permanently retrievable (§5.7.1).
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- · Funds held by an external licensed escrow partner — never by this platform
- · All-or-nothing: automatic full refund if the minimum is not met
- · 48-hour cooling-off cancellation, no penalty
- · Release to the issuer requires two separate authorised signatories
- · Every attempted transaction is logged, including abandoned ones (Art. 73)