Why still this notification?
Crowdfunding platforms with a licence are obliged to show this banner on the website if they make use of the prospectus exemption until EUR 5 million. The banner informs you that there is no approved prospectus necessary for this activity because of the exemption.
With a loan of EUR 5,450 BNF will be able to install solar panels on the roofs of the houses of 18 families in Masala.
| Amount | €5,450 |
| Interest | 3.50% |
| Maturity | 18 months |
| Repayments | 6 months |
| Currency | EUR |
Judith Aoko is a poultry farmer in Masala village, Migori County. She uses kerosene fuel for lighting. As one may imagine she desperately needs lighting system that would not burden her with huge cost. With the anticipated solar system she will be able to attend to her chicks with so much ease at no recurrent cost.
Adopting the solar products means that the clean lighting will help improve the family’s living standard as well have her chicks grow in a safe and secure environment. She also expects to attract more neighbours as customers due to fairer pricing as a direct result of the lower production cost eventually translating to higher profits
| Company name | Solar Home Systems 33 |
| CEO | Judith Aoko |
| Founded | 2018-01-01 |
| Location | Migori |
| Sector | Sustainable energy projects |
| Turnover | €0 |
| Employees | 3 |
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.
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.
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.
