Solar Home Systems 61

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Kenia

Solar Home Systems 61

BNF

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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

Importe

3.50%

Interés

12 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€11,350
Interés	3.50%
Vencimiento	12 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 1 día.en 14 Junio 2020.

El proyecto

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.

Nombre de la empresa	BNF
Director general	Dorothy Munayo
Fundado	2020-06-09
Ubicación	Nairobi
Sector	Proyectos de energía sostenible
Volumen de negocio	€0
Empleados	16

Impacto

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.