Barefoot Power
BFP is a for-profit company that assists poor people in developing countries to access affordable renewable energy and efficient lighting. Globally, BFP estimates that 1.5 billion people spend $10 - 30 billion a year on kerosene. BFP offers a cleaner, cheaper, and safer alternative to kerosene through its low-cost, expandable lighting systems. BFP's white LED rechargeable, solar powered lamps sell for under $20, the cost of 3-6 months worth of kerosene and batteries.
By investing in the Barefoot Power Trade Finance Fund, GBF is helping to alleviate BFP's working capital gap, enabling the company to scale up. The BFP TFF also allows GBF to build relationships with other funders, deal promoters, social capital investors and business angels. BFP TFF is managed by Oikocredit.
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