funding gap emerging markets
Kenya

Solar Home Systems 27

  • BNF
  • Local partner investment
  • + 14 other investors
  • With a loan of EUR 4,400 Stanley and 7 other villagers will be able to install solar panels on the roofs of their houses.

    €4,400
    Amount
    3.50%
    Interest
    18 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€4,400
    Interest3.50%
    Maturity18 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 hour on 22 November 2017.
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      Summary

      Read the information document of the issuer here

      Stanley Molo is a young man from Oloshaiki village in Narok County. He has grown up with so many challenges. Being brought up by a single mother, everything was hard. Studying using a kerosene lamp was one of the big challenges. Economically the kerosene was expensive,  so some of the time Stanley had to go to school without doing his homework due to lack of kerosene. Health wise he kept complaining of chest  problems. Stanley is now a man with his own family. His aspiration is to have his children live a different life from the one he grew up in. Acquiring a solar home system will be change all this.

      Company nameSolar Home Systems 27
      CEOStanley Molo
      Founded2017-01-01
      LocationNarok
      SectorServices
      Turnover€0
      Employees7

      Impact

      BnF focuses on sustainable energy projects in rural Kenya, offering households a 12-month payment plan to purchase a solar home system. The system enables clients to generate sufficient energy to power many basic necessities such as lights, radios, televisions, and other essential appliances. Solar home systems reduce reliance on polluting and health-threatening fuels such as kerosene, firewood, and coal for families' lighting and cooking needs. 

      Electricity opens new economic opportunities for families, enabling household incomes to grow progressively. It provides access to information and entertainment, allowing the children to spend time studying in the evenings and empowering women to engage more in household and local-level decision-making. It stands to reason that entire rural communities' livelihoods benefit from access to clean energy as their productivity, efficiency, and health prospers.

       

      SDG’s impacted

      With this project you are contributing to the following Sustainable Development Goals:

      SDG 1. No poverty

      SDG 7. Affordable and clean energy

      SDG 13. Climate action

      Read more about the impact you can make through our platform and the SDGs on our impact page.

       

      Related blog articles

      Eager to learn more about clean energy projects on our platform? Read here. 

      During the 2020 Covid-19 pandemic, the demand for solar home systems increased significantly in emerging markets. Read more here.

      • With this investment 1 jobs are created
      • With this investment 35 people are reached
      • With this investment 8 solar home systems are installed
      • With this investment 3 tons of CO2 are reduced

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      We have already contributed for Solar Home Systems 27

      Niek de Bruijn
      + and another
      14
      investors