Solar Home Systems 62
With a loan of EUR 61,850 Susan and 106 villagers will be able to buy solar home systems and install the panels on the roofs of their houses.
€61,850
4.25%
12 months
6 months
EUR
CurrencyAmount | €61,850 |
Interest | 4.25% |
Maturity | 12 months |
Repayments | 6 months |
Currency | EUR |
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, not after 6 months (grace period).
Information document issuing company (NL)
Susan a young married mother of three school going children, is not left behind. She runs a petty grocery shop in the community selling food items. She makes daily income of USD 5 and her dedication has enabled the family to construct a 3 roomed permanent house.
New normal in education sector is online study for school going children. There are many school curriculum programmes on the TV aired daily for children to close in lost physical contact learning time in Schools.
Susan installed Home Solar lighting that replaced use of kerosene in 2018. She is now ready to purchase a 24inch TV that comes with 3000mAh battery and 35W panel mainly for schooling purposes and entertainment. This costs USD 639 with daily repayment of USD 1
With her current income, she is able to service the loan and stock her shop.
The children are excited to join others in the digital classroom via TV. Solar has revived `school’ for them.
Company name | Solar Home Systems 62 |
CEO | Susan Ndalila |
Founded | 2020-07-15 |
Location | Nairobi |
Sector | Sustainable energy projects |
Turnover | €0 |
Employees | 106 |
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 530 lives are improved
- With this investment 106 solar home systems are installed
- With this investment 33 tons of CO2 are reduced