Hugh Whalan has started three businesses in Africa focused on innovative financing of solar power to some of the poorest consumers on the planet. His first company pioneered crowdfunding for energy loans to the developing world. His next company, a solar distribution and asset financing operation in Ghana, was acquired by a U.S. private equity firm in an industry first. He is currently running PEG, which is using pay-as-you-go technology to provide financing for solar to 500,000 customers in West Africa by 2018.
Allan Chochinov: Hugh, I’ve read in your bio that you traveled to 31 countries by the time you had turned 25 years of age. That’s some youth. What did your parents do, and did your exposure to multiple cultures stimulate your interest in your current work around … well, empowerment?
Hugh Whalan: My parents were civil servants. Mum was the first person in her family to go to university, and Dad left home at fifteen to join the Navy. In their own way, they were both risk takers, and had benefited greatly from the calculated risks they had taken. They worked hard, and sacrificed a lot to give me opportunities like spending a term at a boarding school in Japan and going on a school hiking trip to India and Nepal. The experiences I had when I was young instilled in me a sense of adventure and my parents certainly encouraged me to take smart risks. After high school, I spent time with landmine removal teams in Cambodia, taught English and geography in a Ugandan school, and worked in a refugee camp in Northern Kenya. That sense of adventure led me to the kinds of opportunities that I am now involved with. More