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funding gap emerging markets
Kenya

Solar Home Systems 8

  • BNF
  • Invest in microfinance
  • + 29 other investors
  • With a loan of EUR 29,200 Gregory and 65 other households will be able to buy solar panels to put on their roofs.

    €29,200
    Amount
    3.00%
    Interest
    18 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€29,200
    Interest3.00%
    Maturity18 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 29 July 2016.

      The project

      Gregory Miriti Muthamia lives in Timau, kithithina village. He has three children and one of them is in school. He has had to drive to the nearby town to bring petrol for his generator. His child complains generator is noisy disturbing him while studying besides short hours allowed to study and wife and other two children not able to watch the television.

      By installing the solar home system Gregory will be able to save cost of petrol. His child will be able to study longer in the evening and the rest of the family enjoy watching television.

      Company nameBNF
      CEOGregory Miriti
      Founded2016-01-01
      LocationTimau
      SectorServices
      Turnover€0
      Employees66

      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 2 jobs are created
      • With this investment 290 lives are improved
      • With this investment 66 solar home systems are installed
      • With this investment 20 tons of CO2 are reduced

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      We have already contributed to Solar Home Systems 8

      Leendert Smit
      Joop Singeling
      Marlies Witteveen
      Nettie Stougje
      + and another
      29
      investors