Solar Home Systems 21
With the solar home system loan of EUR 20,400 Stephene Ochola and 30 others will enjoy light in the entire village.
€20,400
3.50%
18 months
6 months
EUR
CurrencyAmount | €20,400 |
Interest | 3.50% |
Maturity | 18 months |
Repayments | 6 months |
Currency | EUR |
Summary
Stephene Ochola is a resident of Aloma beach village situated in Migori county, located in Western. He has seven children and lives with his wife who does not have an income. He uses a generator as his main source of energy for his family.
Over the years the price of fuel has gone up significantly. This of course makes it very costly for the family besides catering for the schooling of the children. All the children depend on the generator to do their homework daily at night.
The solar home system is definitely a great solution. This will improve the family economic life the savings from the fuel can now go to other needs as well as this will aid the children school performance which spells of a better future. This story is replicated throughout this county.
Company name | Solar Home Systems 21 |
CEO | Stephene Ochola |
Founded | 2017-01-01 |
Location | Migori |
Sector | Services |
Turnover | €0 |
Employees | 28 |
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 4 jobs are created
- With this investment 137 lives are improved
- With this investment 31 solar home systems are installed
- With this investment 9 tons of CO2 are reduced