Solar Home Systems 58
With a loan of EUR 15,000 Innocent and 10 villagers will be able to purchase and install solar home systems in their houses.
€15,000
3.50%
12 months
6 months
EUR
CurrencyAmount | €15,000 |
Interest | 3.50% |
Maturity | 12 months |
Repayments | 6 months |
Currency | EUR |
The project
Town council of Katalyeba is densely populated which has lent credence to his Restaurant/Bar and Guest House businesses. With such high people traffic businesses, sufficient lighting after dusk and early morning is mandatory.
His new year resolution from accumulated savings is to install a 300watts Solar Panel with sufficient bulbs to light his two businesses. It will cost him USD 1743
By locking in late hour revellers in his bar and restaurant, his weekly income especially over weekends will raise by USD 100.This will enable him to service the loan as he shops around for Solar powered fridge cum freezer for his booming Bar business.
Company name | BNF |
CEO | Innocent Cwiywai |
Founded | 2019-12-20 |
Location | Nairobi |
Sector | Sustainable energy projects |
Turnover | €0 |
Employees | 90 |
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 50 lives are improved
- With this investment 10 solar home systems are installed
- With this investment 3 tons of CO2 are reduced