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funding gap emerging markets
Kenya

Solar Home Systems 34

  • BNF
  • Invest in microfinance
  • + 17 other investors
  • With a loan of EUR 20,300 Charles and 40 other villagers will be able to install solar panels on the roofs of their houses.

    €20,300
    Amount
    3.50%
    Interest
    18 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€20,300
    Interest3.50%
    Maturity18 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 11 minutes on 28 June 2018.

      The project

      Typical to rural life of many households in Kenya, Kerosene is used as an important fuel despite its associated pollutant emissions and hazards. Charles Nzau uses kerosene for lighting in his home. Upon retirement, he has invested his benefits in poultry farming that is envisaged to be his sole source of livelihood. One critical success factor in this venture is lighting to keep the chicks warm as well as scare rodents and predators.

      Through this fundraising, Mr Nzau will be able to access a wide array of solar products available in the market. This shall revolutionalize not only Mr. Nzau’s life but his family’s and the entire community. Critical for him is lighting for his chicken business. This could bring in income of about USD 30 per week from sale of eggs. In addition, his home compound will be well lit to enjoy unlimited TV entertainment.

       

       

      Company nameBNF
      CEOCharles Nzau
      Founded2018-01-01
      LocationMachakos
      SectorSustainable energy projects
      Turnover€0
      Employees3

      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 3 jobs are created
      • With this investment 40 solar home systems are installed
      • With this investment 13 tons of CO2 are reduced

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      We have already contributed to Solar Home Systems 34

      Joop Singeling
      Niek de Bruijn
      + and another
      17
      investors