KenyaSolar Home Systems 66
With a loan of EUR 25,000 local partner BNF will be able to install 118 solar home systems at households in Kenia.
€25,000
4.25%
12 months
6 months
EUR
Currency| Amount | €25,000 |
| 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)
Information note issuing company (BE)
Rose farms maize, a staple meal for locals. After opening of markets, she transports her maize to Uganda where prices are better.
She has put up a three room semi-permanent house from a monthly income of USD 110. As a new year gift to her young family of 4 that uses kerosene lamps for lighting, she is installing a solar home system consisting of 3000mAh battery, 10W panel, 4 bulbs, torch, radio and USB chargers all at USD 257.
Her additional income of USD 5 per month from charging phones will add to her savings for her to upgrade her house and purchase a TV in a year’s time.
There will be more clean and stable light in her home, some entertainment from radio and hope for better things.
| Company name | BNF |
| CEO | Rose Silali |
| Founded | 2021-01-22 |
| Location | Nairobi |
| Sector | Sustainable energy projects |
| Turnover | €0 |
| Employees | 118 |
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 590 lives are improved
- With this investment 118 solar home systems are installed
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We have already contributed to Solar Home Systems 66
M. FleurenTon SchroerJan de WitRon van EijkDirk Rentmeester