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funding gap emerging markets
Kenya

Solar Home Systems 50

  • BNF
  • Invest in a Financial Institution
  • + 17 other investors
  • With a loan of EUR 5,100 Jackson and 15 villagers will be able to purchase a solar panel, bulbs, a radio and a phone charger.

    €5,100
    Amount
    3.50%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€5,100
    Interest3.50%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 3 minutes on 23 September 2019.

      Summary

      Jackson Kanai, a father of 2 children still uses kerosine for lightning and submits that wild animals at night are threatening his very existence as well. 

      He has surveyed in the market and has settled for a trending Msolar 55 standard that has 3 strong bulbs, a radio, 9AH battery, A 55 watts Solar Panel and a phone charger. 

      This to him, is an equivalent to taking livestock insurance and gives him hope to increase his herd of livestock and family income.

      Company nameSolar Home Systems 50
      CEOJackson Parngarua
      Founded2019-09-17
      LocationKajiado
      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.

      • With this investment 2 jobs are created
      • With this investment 75 lives are improved
      • 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 to Solar Home Systems 50

      Jan de Wit
      Trees van den Hoogen
      + and another
      17
      investors