funding gap emerging markets
Kenya

Solar Home Systems 38

  • BNF
  • Local partner investment
  • + 29 other investors
  • With a loan of EUR 11,400 Milton and 15 other families will be able to install a Solar Home System in their housses.

    €11,400
    Amount
    3.50%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€11,400
    Interest3.50%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 45 minutes on 8 November 2018.
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      Summary

      In a county that has highest levels of poverty in Kenya is home to Milton Mirema who lives with his four children and wife.

      Struggling to make ends meet as a boda boda rider (transporting people using a motorcycle), Milton has managed to put a roof over his family’s head. The next hurdle is to purchase a modern Solar Home lighting kit for his family. The main source of lighting is Kerosene lamp. Dim lights, fumes from burning paraffin affects the health of Milton’s young family. Children strain to do their homework. The house doesn’t have internal toilets so the family is forced to go out in the dark at night which is risky.

      Milton is convinced that with savings from boda boda business complimented with small scale farming, he will be able to purchase a modern Solar Home Lighting System that comprises 5 bulbs, 24-inch TV, 1 battery 40 AH, Phone Charging Kit with multiple chargers and a solar panel. With multiple phone chargers, his wife shall make an extra cent from charging phones for her neighbors.

      To Milton, this solar package is a complete makeover for his family, a new dawn indeed.

      Company nameSolar Home Systems 38
      CEOMilton Mirema
      Founded2018-01-01
      LocationKisumu
      SectorSustainable energy projects
      Turnover€0
      Employees16

      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 2 jobs are created
      • With this investment 81 people are reached
      • With this investment 16 solar home systems are installed
      • With this investment 5 tons of CO2 are reduced

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      We have already contributed for Solar Home Systems 38

      Edwin Tofield
      Nettie Stougje
      Gerard de Jong
      + and another
      29
      investors