funding gap emerging markets
Kenya

Solar Home Systems 4

  • BNF
  • Local partner investment
  • + 27 other investors
  • With EUR 16,400 George and 26-villagers can install solarpanels meaning clean and affordable energy.

    €16,400
    Amount
    3.00%
    Interest
    18 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€16,400
    Interest3.00%
    Maturity18 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 19 hours on 7 June 2016.
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      Based on all Lendahand historical investments
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      Summary

      George Oduori Ochieng lives in lolgorian a place with limited grid connection. Before we met him he was using kerosene as a source of lighting, according to him, the light was affecting his children eyes and that was evident in morning hours where they would rub eyes due to itching effect. He narrates how he would spend 50 Kenya shillings on kerosene had a great demand in the homestead. Fulfilling the lighting needs for the wife in the kitchen, the children for reading and the husband who would occasionally want to read his newspaper was challenging.

      For a system with 5 lights, and a 16 Inch digital TV George says the pressure for giving out cash for kerosene is long gone. He can now charge his phone and enjoys watching news at home unlike there before when he would go to the nearest shopping center just to watch news and come home late.

      For him and fellow 26-villagers, the loan will allow them pay affordable amount per month meaning longer hours of studying for the children which is the desire of parents from this village in Trans-mara.

      Company nameSolar Home Systems 4
      CEOGeorge Oduori
      Founded2016-01-01
      LocationMararianda/Narok
      SectorFinancial services
      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 2 jobs are created
      • With this investment 119 people are reached
      • With this investment 27 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 4

      Dirk Rentmeester
      Bastiaan Kommers
      Jan de Wit
      Gert Mosterd
      + and another
      27
      investors