Founded in 2018, Charm Impact addresses financial exclusion for clean energy entrepreneurs in sub-Saharan Africa by providing funding. The company’s investment model blends private, concessional, and philanthropic capital to help local businesses build credit history. In March 2023, Charm Impact received a grant from PREO to establish a first-loss provisioning pool, which mitigates investment risks and attracts more private investment. Over the course of an 18-month program, Charm Impact plans to issue five to seven loans ranging from £10,000 to £350,000, focusing on locally owned and female-led enterprises to help promote greater economic development and increased gender equality.