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funding gap emerging markets
Kenya

Solar Home Systems 16

  • BNF
  • Invest in a Financial Institution
  • + 8 other investors
  • With the solar home system loan of EUR 8,800 Consolate and 18 others will enjoy light in the entire village.

    €8,800
    Amount
    3.50%
    Interest
    18 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€8,800
    Interest3.50%
    Maturity18 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 10 hours on 21 February 2017.

      Summary

      Consolata Tsibesa, lives in Savala village in western Kenya. She is the bread winner for her family of four children. Her sole source of lighting has been entirely on tin lamps which produces smoke and soot and has very insufficient light for children to study. This has affected her both economically and health wise together with the studies for her children. She has been forced to spend time and money every monthly on eye treatment for her eldest son who is in seventh grade.

      The installation of solar in her house will change so much in terms of health, cost of kerosene and allow her children to have more time in evening studies. This story is typical of many families in this village.


      Company nameSolar Home Systems 16
      CEOConsolata Tsibesa
      Founded2017-01-01
      LocationKakamega
      SectorServices
      Turnover€0
      Employees18

      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 84 lives are improved
      • With this investment 19 solar home systems are installed
      • With this investment 7 tons of CO2 are reduced

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      We have already contributed to Solar Home Systems 16

      Aad Smits
      Joop Singeling
      + and another
      8
      investors