Kenya

Solar Home Systems 64

With a loan of EUR 32,350 local partner BNF will be able to install 148 solar home systems at households in Kenia.

  • Local partner investment
  • 3 nieuwe banen
  • 740 mensen bereikt
  • 148 solar systems geïnstalleerd
Issuer

€32,350

Amount

12 months

Maturity

4.25%

Annual interest
100%
Fully funded in 1 hour on 26 October 2020.
+ 72 other investors

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)

Jessica Atiya is a small-scale farmer supplying farm produce in her locality.

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, Jessica 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 nameSolar Home Systems 64
CEOJessica Atiya
Founded2020-10-21
LocationNairobi
SectorSustainable energy projects
Turnover€0
Employees148

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We have already contributed for Solar Home Systems 64

Edwin Tofield
Peter Boot
Jan de Wit
Sander Van dijk
+ and another
72
investors