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funding gap emerging markets
Kenya

Solar Home Systems 60

  • BNF
  • Invest in a Financial Institution
  • + 47 other investors
  • With a loan of EUR 11,000 local partner BNF will be able to install 32 solar home systems at households in Kenia.

    €11,000
    Amount
    4.25%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€11,000
    Interest4.25%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 hours on 29 April 2020.

      Summary

      Warning

      In the coming period there are different conditions for this partner. More information can be found here.

      • The interest rate has been temporarily increased by 0,75 percentage point to accommodate the growing uncertainty associated with COVID-19.
      • In addition, this investee is allowed - provided they continue to comply with the applicable covenants - to refinance future repayments to Lendahand investors with the funds raised from this project.
      • Repayments occur after 12 months, 18 months and 24 months, not after 6 months (grace period).

      Information document issuing company (NL)

      Dickson Kilusu is resident of Narok County, Orkoroi Village with his family of five.

      His home is dark just before the curfew and he spends daily USD 2 to purchase kerosene for lighting. Since schools are closed and children are required to study from home, Dickson has decided to purchase an affordable SHS that comprises four bulbs, 55 watts solar panel, 12Ah battery , a radio , a torch and a phone charger costing USD 368.75, repayable in 24 months.

      Dickson will make up to USD60 from kerosene cost and an additional income USD3 per week from phone charging.

      With abundant lighting, children can comfortably do their studies in the night. The radio is quite important for the family during this crisis.

       

      Company nameSolar Home Systems 60
      CEODickson Naigisa
      Founded2020-04-27
      LocationNairobi
      SectorSustainable energy projects
      Turnover€0
      Employees32

      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 160 lives are improved
      • With this investment 32 solar home systems are installed
      • With this investment 10 tons of CO2 are reduced

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      We have already contributed to Solar Home Systems 60

      Peter Boot
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      investors