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funding gap emerging markets
Kenya

Solar Home Systems 59

  • BNF
  • Invest in a Financial Institution
  • + 47 other investors
  • With a loan of EUR 19,400 Kumokmali and 27 villagers will be able to purchase and install solar home systems in their houses.

    €19,400
    Amount
    3.50%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€19,400
    Interest3.50%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 17 minutes on 27 February 2020.

      Summary

      Youthful Kumokmali Meitaya lives in Nturumeti village in Narok county. His young family of four enjoys constant disposable income from livestock, wheat and maize farming. His homestead is a beehive of activities from dawn to dusk necessitating acquisition of high-powered solar home lighting systems in the market.

      This transition from Kerosene lit lamps will save him USD 5 per month as he makes monthly payment of USD 30.43 to install 6 bulbs, 12Ah battery Msolar 55+ (lighting and Tv system), torch, phone charger and Radio costing USD 800.

      Kuokmali and family look forward to a bright year in all aspects. Sufficient light means increased farm hours that translate to reduced livestock losses to predators. With 24 inch TV and phone charger, villagers are treated to viewing national news as they charge their phones; an added revenue stream to the family

      Company nameSolar Home Systems 59
      CEOKumokmali Meitaya
      Founded2020-02-24
      LocationNairobi
      SectorSustainable energy projects
      Turnover€0
      Employees27

      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 135 lives are improved
      • With this investment 27 solar home systems are installed
      • With this investment 8 tons of CO2 are reduced

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      We have already contributed to Solar Home Systems 59

      Jan de Wit
      Dirk Rentmeester
      Joop Singeling
      Albert Stoter
      Ron van Eijk
      + and another
      47
      investors