d.light, a global provider of affordable household products and finance for low-income households, has secured a $176 million securitization facility to purchase receivables in Kenya, Tanzania, and Uganda.

Announced on July 17, this financing from African Frontier Capital will help d.light expand its PayGo consumer finance offering, making solar-powered products accessible to more low-income households and communities without electricity.

Over the next three years, the facility will provide reliable, renewable energy to an estimated six million people across the three countries.