Support Dayspring Ventures in the distribution of solar solutions for schools, healthcare centers and agricultural businesses in Kenya - achieving annual savings of around 7,300 tons of CO₂.
UN Sustainable Development Goals (SDGs)
Project intention
The Kenyan company Dayspring Ventures Limited (Dayspring) has been committed to expanding renewable energy in rural and peri-urban regions since 2013 — with a particular focus on promoting women and youth. The aim of this project is to provide larger solar systems to agricultural businesses, schools, healthcare centers, and other community organizations, ensuring they have access to reliable, clean, and affordable electricity.
The funding will be used to purchase larger solar panels (400W–600W), batteries, and inverters, with typical systems generating around 5 kWp. By enabling access to sustainable energy, this project supports poverty reduction, improves quality of life, and contributes to climate protection.
Social & Environmental Impact
By converting diesel-powered irrigation pumps to solar energy, the project strengthens agricultural productivity and supports the economic and sustainable development of rural areas in Kenya. It also contributes to the social development of local communities.
In schools, customized solar kits provide lighting and digital learning labs, improving educational opportunities.
In healthcare centers, solar systems ensure reliable lighting and vaccine refrigeration.
These initiatives enhance living conditions, boost the local economy, and create new income and employment opportunities—particularly by actively involving women and youth in the sales, installation, and maintenance of the solar systems.
Climate protection
Through this crowdfunding project, 800 diesel-powered irrigation pumps will be replaced with solar systems, resulting in annual CO₂ savings of around 7,300 tons.
Early-Bird-Bonus
All investors who invest up to and including 16.01.2025 will receive an Early-Bird-Bonus of 0.5% p.a.This increases the interest rate from 7.25% to a total of 7.75% p.a.
Established, sustainable company
Dayspring Ventures Limited is a Kenyan company that has been active since 2013 in the fields of renewable energy, clean cooking technologies, solar-powered water infrastructure, and agriculture. It primarily targets women and youth in underserved rural and peri-urban areas to improve living conditions and combat poverty. Dayspring offers solar systems, efficient cookstoves, biogas units, and irrigation solutions, which are made accessible to low-income households through flexible financing models such as the PAYGO system. The company has already provided sustainable energy to over 200,000 households as well as numerous businesses and schools, creating thousands of jobs and reducing CO₂ emissions. With a dynamic team of experts, Dayspring aims to increase its revenue by 30% within the next three (3) years and expand its impact across all 47 counties of Kenya, thereby enabling even more people the access of better living conditions.
Risk reduction measures
For the crowdfunding campaigns on bettervest, a special purpose vehicle (SPV) called BETTERVEST INVESTMENT LTD was established in Kenya, which acts as the borrower for this project. It forwards the raised capital as a secured loan to the project owner in Kenya, Dayspring Ventures Limited (Dayspring). The shareholders and directors of BETTERVEST INVESTMENT LTD are independent of Dayspring.
Additionally, the following securities are provided as collateral for the loan forwarded by the special purpose vehicle to the project owner:
Pledging of assets:
A new borehole drilling machine with a total value of €489,000 will be pledged in favor of BETTERVEST INVESTMENT LTD. If Dayspring fails to repay the loan, these assets can be seized and liquidated.
Project description
Kenya, a country with over 50 million inhabitants, is one of East Africa’s most dynamic nations and holds promising potential. With its year-round sunshine, Kenya is predestined for the utilisation of solar energy.
This lack of reliable power not only hinders economic growth but also affects access to water, education, healthcare, and other essential infrastructure.
It is in this context that Dayspring takes action. The Kenyan company Dayspring Ventures Limited (Dayspring) has been committed to expanding renewable energy in rural and peri-urban areas since 2013, with a particular focus on empowering women and youth. The current project aims to procure larger solar systems to provide agricultural businesses, schools, healthcare centers, and other community-based organisations with reliable, clean, and affordable electricity.
With the support of the loan, larger solar panels (400–600W), batteries, and inverters will be acquired and combined into application-oriented solar systems, provided as complete solutions. A typical system has a capacity of around 5 kWp and is deployed to meet the specific needs of targeted sectors:
- In agriculture, diesel-powered irrigation pumps will be converted to solar energy, reducing CO₂ emissions on a daily basis.
- In schools, solar kits enable reliable lighting and the operation of digital learning labs, even in remote areas without grid access.
- In healthcare centers, solar systems provide lighting and power for vaccine refrigeration, improving medical services.
Through these measures, the project makes a significant contribution to poverty reduction, improved quality of life, and climate protection.
The project of Dayspring Ventures Limited actively contributes to six of the United Nations Sustainable Development Goals (SDGs):
SDG 3 (Good Health and Well-being): In healthcare centers, the solar solutions provide reliable lighting and secure power for vaccine refrigeration, improving the quality of medical services and enhancing healthcare reliability.
SDG 4 (Quality Education): In schools, the customised solar solutions ensure lighting and the operation of digital learning labs, even in remote areas without grid access. This improves learning conditions, allows for more productive study hours, and promotes sustainable access to education.
SDG 7 (Affordable and Clean Energy): The solar solutions harness Kenya’s abundant solar radiation to provide reliable, clean, and cost-efficient electricity. They reduce dependence on fossil fuels and improve access to sustainable energy in rural communities.
SDG 8 (Decent Work and Economic Growth): The installation, maintenance, and distribution of the solar solutions create new income and employment opportunities, particularly for women and youth.
SDG 13 (Climate Action): By converting diesel-powered irrigation pumps to solar solutions, thousands of tons of CO₂ emissions are avoided annually. The project thus makes a measurable contribution to climate protection and the reduction of greenhouse gases.
The replacement of diesel-powered irrigation pumps with solar solutions not only contributes significantly to sustainability and energy efficiency, but also to climate protection. Assuming 7 hours of sunshine or operating time per day, each conventional pump produces around 25 kg of CO₂ per day. By solarising 800 pumps, a total of 20 tons of CO₂ are saved daily. Extrapolated over one year, this corresponds to an annual CO₂ saving of around 7,300 tons. Over the planned three-year project period, the total CO₂ reduction amounts to around 22,000 tons. The project thus clearly demonstrates how decentralized solar solutions in agriculture provide a sustainable and climate-friendly alternative to fossil fuels.
The investment risks associated with the subordinated loan are described in detail in the risk information. In order to assess and mitigate the risks for investors, the issuer highlights the following structural aspects of the project:
Use of a Special Purpose Vehicle (SPV):
For bettervest’s crowdfunding campaigns, a special purpose vehicle named BETTERVEST INVESTMENT LTD, based in Kenya, has been established and acts as the borrower in this project. It forwards the raised capital as a secured loan to the project owner in Kenya, Dayspring Ventures Limited (Dayspring). The shareholders and directors of BETTERVEST INVESTMENT LTD are independent of Dayspring. The Kenya-based SPV may act as borrower for multiple projects. However, this does not affect the contracts or risk assessment compared to a German SPV.
Pledging of assets: A brandnew borehole drilling machine with a total value of €489,000 will be pledged in favor of BETTERVEST INVESTMENT LTD. If Dayspring fails to repay the loan, these assets can be seized and liquidated
Investment Requirement
The loan of €99,950 will be used to finance the purchase of larger solar modules (400W, 550W, 600W), batteries, and inverters. These components will be combined into customised solar solutions (solar kits) for agricultural businesses, schools, and healthcare centers.
The loan has a term of 5 years and offers an annual interest rate of up to 7.25% p.a. for crowd investors. Investors who commit funds within the first four weeks of the campaign will receive an additional early-bird bonus of up to 0.5% p.a., resulting in a total return of up to 7.75% p.a. The funding threshold for this project is €50,000. If the funding goal is not fully reached but at least the threshold is met, the project owner will still use the funds to purchase solar kits, albeit in a reduced scope.
Repayment
The loan will be repaid from the liquid revenues generated by Dayspring Ventures Limited (Dayspring) through its business activities and the sale of Dayspring products.
Repayments to investors will be made on a quarterly basis. The first year of the term is a grace period, during which only interest payments will be made. From the second year onward, investors will receive both interest and principal repayments.
Africa is endowed with an abundant supply of solar energy throughout the year. Unfortunately, this energy remains largely untapped. We see this as a great opportunity to plug in and change this narrative forever.
George W. Ndege
Borrower and Country Profile
BETTERVEST INVESTMENT LTD (haftungsbeschränkt)
P.O BOX 2087
SARIT CENTRE
Nairobi Westland District
Kenya
Dayspring Ventures Limited
Dayspring House, Ground Floor
Nanyuki Main Highway
P.O Box 1863-10400
Nanyuki
Contact
https://dayspringk.com/
+254 729 300 500
info@dayspringk.com
BETTERVEST INVESTMENT LTD: Issuer and Borrower
The special purpose vehicle (SPV) BETTERVEST INVESTMENT LTD is based in Kenya and serves as the issuer and borrower for this project. The role of this SPV is to forward the funds raised from crowd investors as a project loan to the local project owner, Dayspring Ventures Limited (Dayspring). The shareholders and directors of BETTERVEST INVESTMENT LTD are independent of the project owner.
Unlike a German SPV, the Kenya-based SPV may act as borrower for multiple projects. However, this has no impact on the contractual structure or risk assessment, which remains equivalent to that of a German SPV.
Dayspring Ventures Limited: Project owner
Dayspring Ventures Limited (Dayspring) is a Kenyan company headquartered in Nanyuki with an additional office in Nakuru. Founded in 2013, the company offers integrated solutions in the areas of renewable energy, clean cooking technologies, solar-powered water infrastructure and agribusiness along the entire value chain. Dayspring’s goal is to provide affordable, clean energy to underserved populations, improve poor living conditions and contribute to poverty alleviation. In the past, the main beneficiaries have been women and young people, mostly living in underserved rural, peri-urban and informal settlements.
Dayspring develops and distributes a wide range of products, including solar lighting systems, solar-powered pumps, mini-grid power generators, energy-efficient cooking stoves, biogas plants and solutions for solar irrigation and water access. Dayspring combines these technologies with modern financing models such as the remote monitoring and PAYGO system, which enables even low-income households to purchase products from Dayspring by paying small amounts in installments.
The company has equipped over 200,000 households, 10,000 businesses and 5,000 schools with solar systems, distributed over 250,000 clean cooking stoves and 3,700 biogas systems and supported 50,000 farmers with sustainable irrigation systems. These measures have directly and indirectly created over 150,000 jobs, saved around 5,600 tons of CO₂ annually and effectively combated poverty in rural regions. The company combines technological innovation with social impact, making a significant contribution to sustainable development in Kenya.
Dayspring has a solid track record of economic development, with a turnover of 2.3 million euros in 2024. Through continuous innovation and a highly competitive team of technical, agricultural and energy experts, Dayspring Ventures Limited is aiming for 30% revenue growth in a period of 3 years starting 2025 through 2027. The company plans to expand its operations to all 47 counties in Kenya while continuing to provide targeted support to Kenya’s underserved population.
When making investment decisions, it is advisable to find out in advance about the project location, in particular the country in which the project will be implemented. To gain an overview, the following indicators provide a helpful starting point for independent research. The information was retrieved from the relevant data sources in October 2025 and is published without guarantee.
INDICATOR | RATING KENIA |
Euler Hermes Ranking | Euler Hermes has assessed the risk of non-payment by Kenyan companies as “sensitive risk” and rated it C3 on a scale from AA to D (sources: Euler Hermes Country Risk Map) |
OECD Classification | The OECD classifies Kenya’s general country risk as 7 on a scale from 0 (low risk) to 7 (high risk) (sources: OECD Ranking 2024). |
corruption index (Transparency International) | The corruption index, which is published by Transparency International and is measured on a basis of 0 (high level of corruption) – 100 (no perceived corruption), is 32 in Kenya (source: Transparency International 2023). |
Commercial Bank Prime Lending Rate | The Commercial Bank Prime Lending Rate shows the average annualized interest rates that local commercial banks charge their most creditworthy customers for new loans in the local currency. For Kenya, the Commercial Bank Prime Lending Rate was 13.6% in 2023 (source: World Bank Data). |
Creditworthiness (Moody’s) | Moody’s has rated the creditworthiness of Kenian overnment bonds at Caa1 on a scale from AAA to D and the outlook is therefore classified as positive (source: Trading Economics) |
Foreign Exchange Market (Bundesbank) | Over the past five years, the exchange rate for the euro in Kenya has slightly increased. Five years ago, the rate was 122.00 Kenyan shillings, one year ago it was 144.48, and today (June 2025) the rate is 147.94 Kenyan shillings (Source: Bundesbank 2025). |
Key figures
| Borrower | BETTERVEST INVESTMENT LTD (haftungsbeschränkt) |
| Investment type | Subordinated loan |
| Loan volume | EUR 99.950 |
| Term | 5 years |
| Return | up to 7,25% p.a. (up to 7,75% p.a. for investments within the first 4 weeks) |
| Financing and repayment | quarterly (The first year of the term is a grace period) |
