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Yellow Solar
*This is a non-binding indication of interest and does not create an obligation to invest.
Yellow Solar (www.yellow.africa) provides access to solar electricity and internet connectivity via financed smartphones through a distributed network of over 1000 sales agents and merchants in five African countries and primarily in Malawi. Through a digital technology platform, Yellow Solar replaces traditional fossil fuel lighting sources with clean and affordable solar energy solutions, along with inclusive financing solutions, thereby improving the quality of life for its customers. Since commencing operations in 2018, Yellow Solar has successfully connected over 500,000 households.
Between 2020 and 2021, Yellow Solar Power through project Khumbo, aimed to enhance digital inclusion among women in Malawi by providing smartphones and digital training to 592 female entrepreneurs. Additionally, the project distributed 10,571 solar home systems, reducing 4,145 tonnes of CO2e emissions annually and mobilizing over EUR 20M in climate finance. Through promoting female economic leadership and employment opportunities, the project empowered women and met the demand for clean energy in rural Malawi. (https://eepafrica.org/Portfolio/yellow-solar-power/)
Yellow Solar's success lies in its commitment to leveraging technology and financial solutions to bridge the gap in energy access, empowering households with reliable and affordable electricity while fostering economic development and environmental sustainability in the communities it serves.
Sow Good Investments entered into a Memorandum of Understanding with Yellow Solar for loans at a rate of up to 8.5% for a term of 24 months. The loan will be used to purchase equipment and inventory which will be provided to its customers. We anticipate signing definitive financing documents with Yellow Solar following the qualification of this offering and provided Sow Good Investments is able to successfully raise the minimum offering amount in this offering.
Once approved, an individual investment has the potential to earn 8% interest for a 2-year term. Sow Good intends to provide individuals the ability to invest in amounts ranging from $500-$20,000.
Disclosure: The company is “testing the waters” under the Securities Act of 1933. This process allows companies to determine whether there may be interest in an eventual offering of its securities. The company is not under any obligation to make an offering. It may choose to make an offering to some, but not all, of the people who indicate an interest in investing, and that offering might not be made. If the company does go ahead with an offering, it will only be able to make sales after it has filed an offering statement with the Securities and Exchange Commission (SEC) and the sec has “qualified” the offering statement. The information in that offering statement will be more complete than the information the company is providing now and could differ in important ways. You must read the documents filed with the sec before investing.
No money or other consideration is being solicited, and if sent in response, will not be accepted.
No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement filed by the company with the sec has been qualified by the sec. Any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of acceptance given after the date of qualification.An indication of interest involves no obligation or commitment of any kind.