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funding gap emerging markets
Kenya

Solar Home Systems 37

  • BNF
  • Invest in a Financial Institution
  • + 33 other investors
  • With a loan of EUR 15,000 around 23 families will be able to purchase a TV and install Solar lighting System.

    €15,000
    Amount
    3.50%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€15,000
    Interest3.50%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 25 minutes on 23 October 2018.

      Summary

      Households in Sub Sahara Africa headed by women are faced with many challenges and are in most cases impoverished. Makongeni Village is home to Stellamaris who lives with her seven children.

      Besides other struggles to make ends meet for her large family, poor lighting and eminent dangers from use of paraffin further complicates her family’s life. She uses small paraffin tin lamps locally known as `Koroboi’for lighting. These lamps are the most dangerous for families as they are ready sources of deaths from fires. They are slow killers to children due to air pollution.

      Fearing dangers paused by tin lamps at night and cut on paraffin costs, Stellamaris has bought a dry cell torch to use in the night. She has lost honor among her fellow women who gossip about her soot covered walls. Solar Home Lighting Systems wave has hit Machakos County. A number of households like the one Stellamaris has taken photo in are owning TVs and are able to enjoy clean lighting as well as charge their phones.

      Stellamaris is extremely hopeful that from her meagre income, she can be able to purchase a TV and install Solar lighting System. The set she would like to own comes with a 19inch colour TV, 4 bulbs, 1 battery and Solar Panel. She smiles at the opportunity to improve her living standard and offer an opportunity to many other people in the community to charge their phones at a small fee.

      Company nameSolar Home Systems 37
      CEOStellamaris Kalondu
      Founded2018-01-01
      LocationMachakos
      SectorSustainable energy projects
      Turnover€0
      Employees23

      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 2 jobs are created
      • With this investment 115 lives are improved
      • With this investment 23 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 37

      Ton Schroer
      Edwin Tofield
      Marc Sierink
      Frederik Heijman
      Eliza Luszczewska
      + and another
      33
      investors