funding gap emerging markets
Kenya

Solar Home Systems 32

  • BNF
  • Local partner investment
  • + 20 other investors
  • With a loan of EUR 4,450 Stephen and 14 other villagers will be able to install solar panels on the roofs of their houses.

    €4,450
    Amount
    3.50%
    Interest
    18 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€4,450
    Interest3.50%
    Maturity18 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 18 hours on 22 April 2018.
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      Summary

      Stephen lives in Kalembani village of Makueni county. Being the bread winner of a family of ten diesel generator has been the main source of lighting for his house and shop business.  This is really costly to him which translated to lower profits from the shop.

      By acquiring a solar home system Stephen will save on the diesel cost. He looks forward to the hassle free power source a thought that makes his wife very happy. His shop business as a result will benefit since the neighbours will be able to buy late into the night because of the well-lit compound and improve security due to bright  security lights.

       

      Company nameSolar Home Systems 32
      CEOStephen Ndambuki
      Founded2018-01-01
      LocationMakueni
      SectorSustainable energy projects
      Turnover€0
      Employees15

      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.

       

      Related blog articles

      Eager to learn more about clean energy projects on our platform? Read here. 

      During the 2020 Covid-19 pandemic, the demand for solar home systems increased significantly in emerging markets. Read more here.

      • With this investment 75 people are reached
      • With this investment 15 solar home systems are installed
      • With this investment 5 tons of CO2 are reduced

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      We have already contributed for Solar Home Systems 32

      Boudewijn Gailliaert
      Menne Glas
      + and another
      20
      investors