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funding gap emerging markets
Kenya

Solar Home Systems 46

  • BNF
  • Invest in a Financial Institution
  • + 50 other investors
  • With a loan of EUR 13,200 Paranoi and the 17 villagers will be able to install solar panels on their houses and have solar lamps, radio and TV.

    €13,200
    Amount
    3.50%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€13,200
    Interest3.50%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 4 hours on 20 May 2019.

      Summary

      Maa Community continue to embrace Solar Technologies that are coming with features that meet real needs of households. Paranoi Natana, a young mother of five children lives in Olopito village that is known for wheat farming in Maa Community. Her husband trades in livestock to compliment family income.

      At dusk, her homestead is usually dark with small rays of light from kerosene lamp escaping through tiny windows of her two roomed semi- permanent house. Her children, though school going, are forced to retire to bed early. No studies go on due to poor light and incessant respiratory health attacks from paraffin emissions.

      Solar technologies wave has moved fast in the community and in the neighbourhood, as in the attached photo, able families are adopting solar technologies in a big way.

      Paranoi with her husband have selected solar package comprising 4 lamps, a digital TV, Radio, a torch, solar controller, a phone charger. 

      With this, the family shall have unlimited access to clean lighting which is a real dream come true for the children. Not only that, there shall be unlimited entertainment from radio and TV. Mr Natana shall use the torch for his business when dusk sets in.

      Paranoi is excited too about the phone charger from which she shall make an additional income and employ one more person to run phone charging business.

      Company nameSolar Home Systems 46
      CEONatana Paranoi
      Founded2019-05-15
      LocationNarok
      SectorSustainable energy projects
      Turnover€0
      Employees17

      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 2 jobs are created
      • With this investment 85 lives are improved
      • With this investment 17 solar home systems are installed
      • With this investment 5 tons of CO2 are reduced

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      We have already contributed to Solar Home Systems 46

      Piet van der Kooi
      Anastasios Krommydas
      Jan de Wit
      Lamar Crombach
      Ron van Eijk
      + and another
      50
      investors