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funding gap emerging markets
Kenya

Solar Home Systems 47

  • BNF
  • Invest in microfinance
  • + 51 other investors
  • With a loan of EUR 20,400 Racheal and the 26 villagers will be able to install solar panels on their houses and have solar lamps, radio and TV.

    €20,400
    Amount
    3.50%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€20,400
    Interest3.50%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 hour on 20 June 2019.

      The project

      Solar technologies are becoming a household name in Maa community. Solar wave is unstoppable, thanks to many success stories that give impetus to the wave each day.

      To Racheal Kesene Masiaine resident of Isitet, Solar lighting is a ready replacement to expensive, risky and ineffective kerosene powered light. With a young family of 4 children and a husband who feeds the community with the word of God, Solar lighting in her homestead is a new dawn.

      As dusk approaches, Racheal with her husband are busy guiding their cows to the shades for milking. This is their current source of income.

      The neighbours start streaming in every day from 6pm for a spiritual fellowship. This fellowship is cumbersome and risky with current insufficient kerosene powered lamps.

      Racheal’s dream comes true with Solar Technologies trending in the market that comprise 4 lamps, 24-inch digital TV, A Solar Panel, a battery, Radio, Torch, Solar Controller, and a Phone Charger. Current milk sales can repay a loan of USD 883.43 for 24 months.

      To the family, this means abundant, clean light for every household activity. It means an added revenue stream from phone charging, more entertainment and effective evening fellowship. Finally, it means more time (early mornings and after dusk) to tend cows for increased milk production and income to the family.

      With abundant light, comes abundant life. Solar means abundance to Racheal and she is ready to invest from her meagre income.

      Company nameBNF
      CEORacheal Kesene
      Founded2019-06-17
      LocationKajiado
      SectorSustainable energy projects
      Turnover€0
      Employees26

      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 130 lives are improved
      • With this investment 26 solar home systems are installed
      • With this investment 8 tons of CO2 are reduced

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      We have already contributed to Solar Home Systems 47

      Jaap Boersema
      Leendert Smit
      Casper Roos
      Boudewijn Gailliaert
      Ron van Eijk
      + and another
      51
      investors