Solar Home Systems 62

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Kenia

Solar Home Systems 62

BNF

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With a loan of EUR 61,850 Susan and 106 villagers will be able to buy solar home systems and install the panels on the roofs of their houses.

€61,850

Importe

4.25%

Interés

12 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€61,850
Interés	4.25%
Vencimiento	12 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 7 horasen 20 Julio 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)

Susan a young married mother of three school going children, is not left behind. She runs a petty grocery shop in the community selling food items. She makes daily income of USD 5 and her dedication has enabled the family to construct a 3 roomed permanent house.

New normal in education sector is online study for school going children. There are many school curriculum programmes on the TV aired daily for children to close in lost physical contact learning time in Schools.

Susan installed Home Solar lighting that replaced use of kerosene in 2018. She is now ready to purchase a 24inch TV that comes with 3000mAh battery and 35W panel mainly for schooling purposes and entertainment. This costs USD 639 with daily repayment of USD 1

With her current income, she is able to service the loan and stock her shop.

The children are excited to join others in the digital classroom via TV. Solar has revived `school’ for them.

Nombre de la empresa	BNF
Director general	Susan Ndalila
Fundado	2020-07-15
Ubicación	Nairobi
Sector	Proyectos de energía sostenible
Volumen de negocio	€0
Empleados	106

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.