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funding gap emerging markets
Kenya

Solar Home Systems 31

  • BNF
  • Invest in microfinance
  • + 73 other investors
  • With a loan of EUR 23,150 Sharon and 46 other villagers will be able to install solar panels on the roofs of their houses.

    €23,150
    Amount
    3.50%
    Interest
    18 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€23,150
    Interest3.50%
    Maturity18 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 4 days on 25 March 2018.

      The project

      Sharon of lives in Oloyiankalani village. She cares for her mum and her six children. Two of the kids are in secondary school and four kids in primary. She has used a tin lamp growing up and now with her own family as the only source of lighting. The evidence of the dangers of using such a lighting source is that her eldest son who is in high school has been affected and now struggles with eye problems.

      By shifting the lighting source to solar home system she will save the money she has been spending on her son’s treatment. The lighting outside the home will also help to scare away wild animals from attacking the crops from the farm eventually increasing the crop yield translating to food security and maybe sell some to the neighbours.

       

      Company nameBNF
      CEOSharon Lenkoina
      Founded2018-01-01
      LocationKajiado
      SectorSustainable energy projects
      Turnover€0
      Employees8

      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 4 jobs are created
      • With this investment 230 lives are improved
      • With this investment 46 solar home systems are installed
      • With this investment 14 tons of CO2 are reduced

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      We have already contributed to Solar Home Systems 31

      Jan van Munster
      Trees van den Hoogen
      Menne Glas
      Marc Sierink
      Mike Bosman
      + and another
      73
      investors