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funding gap emerging markets
Kenya

Solar Home Systems 7

  • BNF
  • Invest in a Financial Institution
  • + 63 other investors
  • With EUR 36,800 the Olotepsi village from group leader Paul will gain access to new solar panels.

    €36,800
    Amount
    3.00%
    Interest
    18 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€36,800
    Interest3.00%
    Maturity18 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 7 days on 24 June 2016.

      Summary

      Paul Mosoontu is a village leader in Olotepesi village. He has proved to be a real entrepreneur by being the first customer to buy an ST50 PLUS (System with 5 LED bulbs, Digital TV set and a phone charging kit) on March 2016.

      Paul experience with solar products is very positive. He says apart from being environmentally sustainable and lighting the whole compound the product is pocket friendly as compared to the other lighting methods the customer was using. Paul says the product also helps him scare away wild animals from Nairobi National Park which otherwise consumes their valuable livestock.

      Company nameSolar Home Systems 7
      CEOPaul Monsoontu
      Founded2016-01-01
      LocationOletepesi/Kajiado
      SectorServices
      Turnover€0
      Employees52

      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 229 lives are improved
      • With this investment 52 solar home systems are installed
      • With this investment 16 tons of CO2 are reduced

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      We have already contributed to Solar Home Systems 7

      Jan de Wit
      Elke Krekels
      Leendert Smit
      Jop Brocker
      Niek de Bruijn
      + and another
      63
      investors