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funding gap emerging markets
Kenya

Solar Home Systems 41

  • BNF
  • Invest in a Financial Institution
  • + 42 other investors
  • With a loan of EUR 25,050 Seina and other families in her village will be able to install solar panels on the roofs of their houses.

    €25,050
    Amount
    3.50%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€25,050
    Interest3.50%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 45 minutes on 17 January 2019.

      Summary

      Maa Community in Kajiado County is home to Seina Ene Olesimayo in her late fifties. This indigenous and ethnic community still holds on its distinct traditions and customs among them; bright dresses and heavy beads worn by women. The county enjoys huge amounts of sunlight most seasons in the year.

      Raising her 5 children as a single mother, Seina has defied odds in her life and risen against heavy customary requirements that despise women headed households.

      Solar lighting technologies entry into Maa community has excited Seina who relies on Kerosene lit lamps. Her homestead is always dark after dusk because kerosene lamps are lit for specific hours due to high cost of paraffin.

      With Solar light, she will be able to do beading in the night for sale to the nearby Amboseli tourist centres. Solar lighting shall transform her life by increasing productivity hence more disposable income. Seina believes Solar is the way to go and there is no turning back.

      Company nameSolar Home Systems 41
      CEOSeina Ene Olesimayo
      Founded2019-01-14
      LocationKajiado
      SectorSustainable energy projects
      Turnover€0
      Employees168

      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 3 jobs are created
      • With this investment 844 lives are improved
      • With this investment 168 solar home systems are installed
      • With this investment 53 tons of CO2 are reduced

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      We have already contributed to Solar Home Systems 41

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      investors