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funding gap emerging markets
Kenya

Solar Home Systems 30

  • BNF
  • Invest in a Financial Institution
  • + 76 other investors
  • With a loan of EUR 37,400 Simon and 75 other villagers will be able to install solar panels on the roofs of their houses.

    €37,400
    Amount
    3.50%
    Interest
    18 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€37,400
    Interest3.50%
    Maturity18 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 20 February 2018.

      Summary

      Simon Ochieng is the bread-winner of a family of six. He  has been spending a lot of money buying generator fuel. Lighting in homes in his village of  Sirakwa of Siaya county is a challenge and most people depending on their financial capability use generators.

      This takes away cash that would otherwise be used for other pressing household needs. By installing a solar home system, Simon will begin to save some cash which he can direct towards better health care and improved nutrition for the family.

      Company nameSolar Home Systems 30
      CEOSimon Otieno
      Founded2018-01-01
      LocationSiaya
      SectorSustainable energy projects
      Turnover€0
      Employees75

      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 5 jobs are created
      • With this investment 375 lives are improved
      • With this investment 75 solar home systems are installed
      • With this investment 23 tons of CO2 are reduced

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      We have already contributed to Solar Home Systems 30

      Peter Boot
      Gerard de Jong
      Ton Van der Meer
      Jaap Boersema
      Anastasios Krommydas
      + and another
      76
      investors