Solar Home Systems 61
With a loan of EUR 11,350 Dorothy and 15 villagers will be able to buy and install solar home systems on the roofs of their houses.
€11,350
3.50%
12 months
6 months
EUR
CurrencyAmount | €11,350 |
Interest | 3.50% |
Maturity | 12 months |
Repayments | 6 months |
Currency | EUR |
Summary
Warning
In the coming period there are different conditions for this partner. More information can be found here.
- The interest rate has been temporarily increased by 0,75 percentage point to accommodate the growing uncertainty associated with COVID-19.
- In addition, this investee is allowed - provided they continue to comply with the applicable covenants - to refinance future repayments to Lendahand investors with the funds raised from this project.
- Repayments occur after 12 months, not after 6 months (grace period).
Information document issuing company (NL)
Dorothy, a single mother of 4 has continued with her farming business and managed to construct a semi- permanent house from her proceeds. Even as many other small businesses are affected, food remains essential so Dorothy has expanded her delivery of vegetables and cereals to neighboring towns.
Her homestead is a beehive of activities right from dawn to dusk as she harvests farm produce for delivery. She has relied on kerosene to light her home which limits her activities due to insufficient light and expensive kerosene.
She has resolved to purchase a Solar Home System comprising a 24”TV, 4 bulbs, 12Ah battery, 55Watt panel, torch and radio. She is able to save USD20 per month from kerosene costs.
Company name | Solar Home Systems 61 |
CEO | Dorothy Munayo |
Founded | 2020-06-09 |
Location | Nairobi |
Sector | Sustainable energy projects |
Turnover | €0 |
Employees | 16 |
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 80 lives are improved
- With this investment 16 solar home systems are installed
- With this investment 5 tons of CO2 are reduced