Solar Home Systems 24
With a loan of EUR 26.000 Wilson and others in his village are able to buy a solar home system.
€26,000
3.50%
18 months
6 months
EUR
CurrencyAmount | €26,000 |
Interest | 3.50% |
Maturity | 18 months |
Repayments | 6 months |
Currency | EUR |
Summary
Wilson Tikwa of Impirikani village lives with his two wives and children in the same compound. He has been using a generator for lighting in his wife’s shop and the living room. This is very costly to him meaning he never stays late at night as the generator would cost him more in fuel.
He desires to adopt the solar energy home system. He believes this will improve the standard of his family’s economic life besides allowing him to spend more hours at night selling in the shop meaning improved sales. The savings from the fuel he would otherwise buy for generator will now go into other pressing homestead.
Company name | Solar Home Systems 24 |
CEO | Wilson Tikwa |
Founded | 2017-01-01 |
Location | Kajiado |
Sector | Services |
Turnover | €0 |
Employees | 35 |
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 5 jobs are created
- With this investment 20 lives are improved