KenyaSolar Home Systems 63
With a loan of EUR 20,000 local partner BNF will be able to install 75 solar home systems at households in Kenia.
€20,000
4.25%
12 months
6 months
EUR
Currency| Amount | €20,000 |
| Interest | 4.25% |
| Maturity | 12 months |
| Repayments | 6 months |
| Currency | EUR |
The project
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)
Mariam Abuti is a farmer and a mother of 3 children.
Her home is dark just before the curfew and she spends daily USD 2 to purchase kerosene for lighting. Since schools are closed and children are required to study from home, Mariam 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 250, repayable in 24 months
With abundant lighting, children can comfortably do their studies in the night. The radio is quite important for the family during this crisis.
| Company name | BNF |
| CEO | Mariam Abuti |
| Founded | 2020-08-21 |
| Location | Nairobi |
| Sector | Sustainable energy projects |
| Turnover | €0 |
| Employees | 76 |
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 375 lives are improved
- With this investment 75 solar home systems are installed
- With this investment 23 tons of CO2 are reduced
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We have already contributed to Solar Home Systems 63
Edwin TofieldTon SchroerAlbert StoterBram TimmermanJan de Wit