funding gap emerging markets
Kenya

Solar Home Systems 1

  • BNF
  • Invest in microfinance
  • + 19 other investors
  • With a loan of EUR 8,400 Monica and 10 villagers can purchase solar panels to put on the roofs of their houses.

    €8,400
    Amount
    3.00%
    Interest
    18 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€8,400
    Interest3.00%
    Maturity18 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 11 hours on 7 June 2016.

      The project

      Being an elder of Kivaani village, Monica has attracted many people who look for her guidance, especially on topics touching on community growth. Monica always wanted to see her visitors, also tourists, comfortable; however she incurred a heavy cost of running a generator that was the source of power for lighting 12 rooms, 2 security lights and powering TV just to watch the news every day.  The heavy cost of running a generator, the smoke coming from it, noise and risk of handling petrol is enormous. “I used to spend 6,000Ksh on petrol per month simply to illuminate the rooms and watch TV for two hours i.e. from 7pm to 9pm, and then we switched off the generator to save some fuel to be used later." 

      "Today am using the solar product and the cost that I applied to have now gives way to other activities and am very happy meeting Sun Transfer. Am now talking to the villagers about benefit of solar technology and how it is transforming life”. Monica is already extending the house to have more rooms and soon she is planning to buy another solar unit for the new suite.

      Together with 10 other villagers, Monica is requesting for a loan for new solar panels. Local partner BNF and Lendahand will provide the loan to the group of 11. Sun Transfer is the manufacturer of the solar panels.

      Company nameBNF
      CEOMonica Isaac
      Founded2015-01-01
      LocationKIMANA/KAJIADO
      SectorServices
      Turnover€0
      Employees11

      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.

      • With this investment 1 jobs are created
      • With this investment 48 lives are improved
      • With this investment 11 solar home systems are installed
      • With this investment 3 tons of CO2 are reduced

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      We have already contributed to Solar Home Systems 1

      Tobias Grinwis
      Edwin Tofield
      Dieske Kruisselbrink
      + and another
      19
      investors