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funding gap emerging markets
Kenya

Solar Home Systems 23

  • BNF
  • Invest in a Financial Institution
  • + 50 other investors
  • With a solar home system loan of EUR 18,000 Grephas and 30 other families will enjoy light in the entire village.

    €18,000
    Amount
    3.50%
    Interest
    18 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€18,000
    Interest3.50%
    Maturity18 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 3 days on 30 July 2017.

      Summary

      Grephas Juma is a man in desperate need to change from fossil energy source to clean energy. Residing in Nambale Western Kenya, he spends USD3 to make a trip just to access Kerosine that costs USD0.7 per litre in the market-centre that is nearest to his home.

      He has two children and all of them are in 8th grade primary school now getting ready for end of year exams. The current lighting option is very expensive. Besides that his children have been complaining of eye problem because of the soot produced by the kerosene lantern.

      Grephas has another problem...his wife uses a lantern while milking his cows early in the morning and late in the evening meaning the milk quality is affected due to the kerosene smell. The milk is a precious source of income. 

      The solar home system once installed will literally change his family life to... comfortable studies for the children, better health and securing the livelihood from the milk which the wife will be able to guarantee quality milk to her customers whom she delivers in the nearest shopping centre. Thank you for supporting her and the others in this her group.

      Company nameSolar Home Systems 23
      CEOGrephas Juma
      Founded2017-01-01
      LocationNambale- Western Kenya
      SectorServices
      Turnover€0
      Employees30

      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 136 lives are improved
      • With this investment 31 solar home systems are installed
      • With this investment 9 tons of CO2 are reduced

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      We have already contributed to Solar Home Systems 23

      Aad Smits
      Ferdie Daanen
      Leendert Smit
      Lamar Crombach
      + and another
      50
      investors