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funding gap emerging markets
Kenya

Solar Home Systems 21

  • BNF
  • Invest in a Financial Institution
  • + 56 other investors
  • With the solar home system loan of EUR 20,400 Stephene Ochola and 30 others will enjoy light in the entire village.

    €20,400
    Amount
    3.50%
    Interest
    18 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€20,400
    Interest3.50%
    Maturity18 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 18 July 2017.

      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 nameSolar Home Systems 21
      CEOStephene Ochola
      Founded2017-01-01
      LocationMigori
      SectorServices
      Turnover€0
      Employees28

      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

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      We have already contributed to Solar Home Systems 21

      Aad Smits
      Frans Wittenberg
      Jaap Boersema
      Joop Singeling
      + and another
      56
      investors