Kenya-based Badili, a company specializing in refurbished smartphones, has received a significant financial boost with a $400,000 loan from Proparco, the French development finance institution. This funding, provided through Proparco’s Bridge facility, is set to accelerate Badili’s mission of providing affordable mobile devices to consumers while promoting sustainable practices.

Badili’s business model addresses two critical issues: the growing demand for affordable smartphones in Africa and the increasing problem of electronic waste. By refurbishing and reselling used smartphones, Badili offers a cost-effective alternative to new devices, making digital technology more accessible to a wider population.

Key Highlights:

  • Financial Support:
    • Proparco’s $400,000 loan will enable Badili to expand its operations and enhance its refurbishment capabilities.
    • The “Bridge” facility from Proparco, is designed to provide bridging finance to innovative african companies.
  • Digital Inclusion:
    • Badili’s initiative contributes to bridging the digital divide by providing access to affordable smartphones, which are essential for accessing online services such as mobile payments, education, and healthcare.
  • Sustainability:
    • By extending the lifespan of mobile devices, Badili plays a crucial role in reducing electronic waste and promoting a circular economy.
    • This also reduces the need for the extraction of raw materials.
  • Economic Impact:
    • The company’s operations create jobs in the refurbishment and resale sector, contributing to local economic growth.
  • Company Statements:
    • Rishabh Lawania, Founder and CEO of Badili, emphasized the importance of Proparco’s support, highlighting its role in validating the company’s sustainable business model.
    • Proparco representatives have stated that this investment aligns with their goals of fostering environmental responsibility and social inclusion in Africa.

This funding marks a significant milestone for Badili and underscores the growing recognition of the importance of sustainable technology solutions in Africa. As Badili expands its operations, it is poised to make a substantial impact on both digital inclusion and environmental sustainability in the region.

Kenya-based Badili, a company specializing in refurbished smartphones, has received a significant financial boost with a $400,000 loan from Proparco, the French development finance institution. This funding, provided through Proparco’s Bridge facility, is set to accelerate Badili’s mission of providing affordable mobile devices to consumers while promoting sustainable practices.

Badili’s business model addresses two critical issues: the growing demand for affordable smartphones in Africa and the increasing problem of electronic waste. By refurbishing and reselling used smartphones, Badili offers a cost-effective alternative to new devices, making digital technology more accessible to a wider population.

Key Highlights:

  • Financial Support:
    • Proparco’s $400,000 loan will enable Badili to expand its operations and enhance its refurbishment capabilities.
    • The “Bridge” facility from Proparco, is designed to provide bridging finance to innovative african companies.
  • Digital Inclusion:
    • Badili’s initiative contributes to bridging the digital divide by providing access to affordable smartphones, which are essential for accessing online services such as mobile payments, education, and healthcare.
  • Sustainability:
    • By extending the lifespan of mobile devices, Badili plays a crucial role in reducing electronic waste and promoting a circular economy.
    • This also reduces the need for the extraction of raw materials.
  • Economic Impact:
    • The company’s operations create jobs in the refurbishment and resale sector, contributing to local economic growth.
  • Company Statements:
    • Rishabh Lawania, Founder and CEO of Badili, emphasized the importance of Proparco’s support, highlighting its role in validating the company’s sustainable business model.
    • Proparco representatives have stated that this investment aligns with their goals of fostering environmental responsibility and social inclusion in Africa.

This funding marks a significant milestone for Badili and underscores the growing recognition of the importance of sustainable technology solutions in Africa. As Badili expands its operations, it is poised to make a substantial impact on both digital inclusion and environmental sustainability in the region.