funding gap emerging markets
Kenya

Solar Home Systems 54

  • BNF
  • Local partner investment
  • + 42 other investors
  • With a loan of EUR 10,050 Sabomana and 13 villagers will be able to purchase and install solar home systems in their houses.

    €10,050
    Amount
    3.50%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€10,050
    Interest3.50%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 hour on 27 November 2019.
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      Summary

      Sabomana is a talented family man who runs a barbershop that is the favourite of hundreds in the camp. Due to poor grid connectivity, power surges and black outs have affected his seemingly booming business. On a good day, he shaves about 15 people and hires 3 casuals to assist and makes USD 19 in net income.

      Solar Home Lighting systems is the new talk in the densely populated settlement. Sabomana has built enough savings to acquire Msolar55+ for lighting in his business and house (both are joined). The package goes for USD 862 and comprises 4 bright bulbs, 9AH batteries, 55 watts panel, 24” TV, a torch and radio.

      Armed with the TV and undisturbed flow of lighting, he is optimistic to attract more clients. He shall create employment for 3 more casuals during peak seasons. His next investment is to acquire solar powered barber kits and open branches in neighbouring zones.

      Company nameSolar Home Systems 54
      CEOSabomana Innocent
      Founded2019-11-20
      LocationNairobi
      SectorSustainable energy projects
      Turnover€0
      Employees13

      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 4 jobs are created
      • With this investment 65 people are reached
      • With this investment 13 solar home systems are installed
      • With this investment 4 tons of CO2 are reduced

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      We have already contributed for Solar Home Systems 54

      Robert Mars
      Elise Brouwer
      Marc Sierink
      Ron van Eijk
      + and another
      42
      investors