funding gap emerging markets
Kenya

Solar Home Systems 53

  • BNF
  • Local partner investment
  • + 60 other investors
  • With a loan of EUR 18,400 Syprose and 26 other people in her village will be able to buy and install a solar home system.

    €18,400
    Amount
    3.50%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€18,400
    Interest3.50%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 hours on 21 November 2019.
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      Summary

      The deeper parts of rural Busia remain underdeveloped with high levels of poverty. Energy poverty is highest and Syprose’s home is usually dark as soon as the sun sets.

      With a young family, she works hard selling groceries and tending family farm to compliment her husband’s income from casual labor. From meagre family income, Syprose has managed to construct a semi – permanent house as shown in the photo. She can no longer rely on kerosene and solar lantern for lighting. Kerosene costs are not only high but children are affected by resulting emissions.

      The family is ready to install home lighting system comprising 4 bulbs, 55Watts Solar Panel,9Ah battery, a radio, torch, TV and phone charger going at USD 776. With this, the family will save USD 20 per month and add to family income of USD 30 to make monthly instalments for 20 months.

      Syprose is not just buying this system for her family, it is for her immediate neighbors too who shall come to watch news and charge their phones. The children will enjoy more clean light for studies and her home chores will be easier with adequate lighting.

      This is the dawn of a new era in the family, Solar transforms lives in earnest.

      Company nameSolar Home Systems 53
      CEOSyprose Otieno
      Founded2019-11-19
      LocationNairobi
      SectorSustainable energy projects
      Turnover€0
      Employees26

      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 3 jobs are created
      • With this investment 130 people are reached
      • With this investment 26 solar home systems are installed
      • With this investment 8 tons of CO2 are reduced

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      We have already contributed for Solar Home Systems 53

      Ron van Eijk
      Peter Boot
      Charlotte Felix-Aarts
      Jan de Wit
      + and another
      60
      investors