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funding gap emerging markets
Kenya

Solar Home Systems 25

  • BNF
  • Invest in microfinance
  • + 40 other investors
  • With a loan of EUR 14,100 Daniel and 20 community members will be able to buy and install solar panels on their roofs.

    €14,100
    Amount
    3.50%
    Interest
    18 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€14,100
    Interest3.50%
    Maturity18 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 23 hours on 22 September 2017.

      The project

      Daniel Opondo lives in Busia county, Madwele village. He is a father of four children. Together with his wife they live with their sickly mother in the same compound. Daniels main lighting source has been mainly the kerosene lamb and a hand-held torch as a back-up in case the kerosene runs out as well as when nursing the mother at night. This is costly and ended up affecting the academic performance of his daughter last year who was taking the final exam of primary education.

      The opportunity to install a solar home system will improve academic performance of the schooling children and has been able to save on money he has been using to buy kerosene.

      Company nameBNF
      CEODaniel Opondo
      Founded2017-01-01
      LocationBusia
      SectorServices
      Turnover€0
      Employees20

      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 92 lives are improved
      • With this investment 21 solar home systems are installed
      • With this investment 7 tons of CO2 are reduced

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      We have already contributed to Solar Home Systems 25

      Niek de Bruijn
      Manfred Jansen
      Gert Baas
      André Kloosterman
      Menne Glas
      + and another
      40
      investors