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funding gap emerging markets
Kenya

Solar Home Systems 52

  • BNF
  • Invest in microfinance
  • + 27 other investors
  • With a loan of EUR 15,200 Bernard and 20 villagers will be able to purchase a solar package with lamps, chargers, radio and TV.

    €15,200
    Amount
    3.50%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€15,200
    Interest3.50%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 17 minutes on 28 October 2019.

      The project

      Bernard Ojala, resident of Kodedema Village is a good example. With a young family of five, Bernard personifies hard work, determination and hope for a brighter future. He juggles small scale farming with supplying home-made snacks to retail shops.

      He has used kerosene for many years and his current social status demands that he switches to cleaner, abundant, cost saving solar lighting systems. This translates to his wife having enough light for her business after dusk, her children enjoying educational programmes and the entire family reclining for recreation from TV in the night.

      In the market, a solar home lighting system that comprises 24-inch flat screen, radio,4 bulbs, 55 watts solar panel, 15AH battery and a torch is affordable.

      This shall free the family from weekly kerosene cost of USD 8. The wife’s business shall attract more later comer clients who shall also be treated to national news from the radio.

      Company nameBNF
      CEOBernard Ojala
      Founded2019-10-23
      LocationNairobi
      SectorSustainable energy projects
      Turnover€0
      Employees20

      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 100 lives are improved
      • With this investment 20 solar home systems are installed
      • With this investment 6 tons of CO2 are reduced

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      We have already contributed to Solar Home Systems 52

      Ron van Eijk
      Marc Sierink
      Jan de Wit
      Elise Brouwer
      + and another
      27
      investors