Solar Home Systems 27
With a loan of EUR 4,400 Stanley and 7 other villagers will be able to install solar panels on the roofs of their houses.
€4,400
3.50%
18 months
6 months
EUR
CurrencyAmount | €4,400 |
Interest | 3.50% |
Maturity | 18 months |
Repayments | 6 months |
Currency | EUR |
Summary
Read the information document of the issuer here
Stanley Molo is a young man from Oloshaiki village in Narok County. He has grown up with so many challenges. Being brought up by a single mother, everything was hard. Studying using a kerosene lamp was one of the big challenges. Economically the kerosene was expensive, so some of the time Stanley had to go to school without doing his homework due to lack of kerosene. Health wise he kept complaining of chest problems. Stanley is now a man with his own family. His aspiration is to have his children live a different life from the one he grew up in. Acquiring a solar home system will be change all this.
Company name | Solar Home Systems 27 |
CEO | Stanley Molo |
Founded | 2017-01-01 |
Location | Narok |
Sector | Services |
Turnover | €0 |
Employees | 7 |
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 1 jobs are created
- With this investment 35 lives are improved
- With this investment 8 solar home systems are installed
- With this investment 3 tons of CO2 are reduced