Solar Home Systems 45
With a loan of EUR 25,450 Fridah and 195 other villagers will be able to purchase 3 bulbs, 6 watts solar panel, a radio and a phone charger.
- Local partner investment
- 5 new jobs
- 1000 people reached
- 195 solar systems installed
Makueni County records one of the highest population growth rates in Kenya. Kaathi Village that is home to Fridah Wavinya Musyoki is dry most of the better part of the year which contributes to high food insecurity and subsequent high levels of poverty.
As a single parent, Fridah has battled it alone to fend for her family under such harsh geographical conditions. She is a small-scale farmer relying on the nearby seasonal streams for water. Whenever she harvests more, she sells to nearby community markets. She runs a petty grocery shop as well to supplement meagre income from farming.
Depending on kerosene for home lighting strains her already meagre income yet she has to work late into the night in her shop to catch late shoppers.
Affordable solar home lighting system comprising 3 bulbs, 6 watts solar panel, a radio and a phone charger all at 130 dollars is a great relief to Fridah.
|Company name||Solar Home Systems 45|
|Sector||Sustainable energy projects|
Impact of this project
- With this investment 5 jobs are created
- With this investment 1000 people are reached
- With this investment 195 solar home systems are installed
About the risks
What are the risks of investing money?
How does Lendahand minimize the risks?
Does Lendahand provide guarantee on the loans?
Does Lendahand have a license or exemption?
How safe are my personal details?
What happens if the local currency devaluates?
Does Lendahand use a third foundation fund?
What happens with my money if Lendahand goes bankrupt?
Why is my money going via Intersolve EGI?
What happens when a local partner goes bankrupt?
|Equity / total assets||43.36%|
|Write-off ratio last 12 months||0.00%|
|% investment amount in arrears (>90 days)||3.46%|