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funding gap emerging markets
Kenya

Solar Home Systems 56

  • BNF
  • Invest in a Financial Institution
  • + 15 other investors
  • With a loan of EUR 9,850 Boaz and 90 villagers will be able to purchase and install solar home systems in their houses.

    €9,850
    Amount
    3.50%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€9,850
    Interest3.50%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 4 minutes on 30 December 2019.

      Summary

      Life for Boaz Onyango who lives in Kabonyo village in Kisumu county has been routine and boring. As a driver, he is mostly on the roads leaving behind his wife to run a shop and look after their three school going children.

      Kisumu County is one of the counties with highest poverty levels, populous and whose residents’ activities continue to accelerate deforestation and exacerbate effects of climate change.

      Living from hand to mouth, the family struggles to purchase kerosene daily for lighting needs. With just USD 120, and a deposit of USD 15, Boaz will acquire an Msolar6 Lighting system that comes with 3 bulbs,5.5W panel and a radio. He can pay this loan within 10 months saving about USD 5 from kerosene cost.

      His wife will be able to open shop after dusk to rack in late customers and the entire home will enjoy adequate light for studies and other tasks. The radio shall kill all the sickening silence after dusk with favourite music and endless entertainment in this festive season.

      There is no better Xmas gift for Boaz and his family than abundant and clean light.

      Company nameSolar Home Systems 56
      CEOBoaz Onyango
      Founded2019-12-20
      LocationNairobi
      SectorSustainable energy projects
      Turnover€0
      Employees90

      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 1 jobs are created
      • With this investment 450 lives are improved
      • With this investment 90 solar home systems are installed
      • With this investment 28 tons of CO2 are reduced

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      We have already contributed to Solar Home Systems 56

      Ron van Eijk
      Ton Schroer
      Jan de Wit
      + and another
      15
      investors