Nithio’s Financial Intermediary, Nithio FI, is a data-driven blended-finance vehicle that provides a sustainable, risk- informed approach to finance aggregated receivables for the off-grid solar sector, including solar home systems and productive use appliances. Nithio leverages its proprietary Risk Analytics Engine, which combines geospatial demographic and socioeconomics data, customer repayment data, and Artificial Intelligence (AI), to standardize credit risk. Currently, Nithio has US$26 million in committed funds and intends to scale to over $ 100 million by 2025. They have provided 11 loans in Kenya and Nigeria to date.

Nithio has developed partnerships with other investors, local distributors, other financiers, local banks, and others. However, Nithio does not currently operate in Rwanda and, as such, views the Feasibility Assessment as an integral channel to be able to understand and adapt its data-driven financing to the Rwandan market. It will also enable Nithio to support the Rwandan Government’s focus on subsidy allocation, which helps to ensure that no one is left behind in the push for universal energy access, especially the last-mile customers and most vulnerable.

How does it work?