Solar Home Systems 64

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Kenia

Solar Home Systems 64

BNF

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With a loan of EUR 32,350 local partner BNF will be able to install 148 solar home systems at households in Kenia.

€32,350

Importe

4.25%

Interés

12 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€32,350
Interés	4.25%
Vencimiento	12 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 40 minutosen 26 Octubre 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)

Jessica Atiya is a small-scale farmer supplying farm produce in her locality.

Her home is dark just before the curfew and she spends daily USD 2 to purchase kerosene for lighting. Since schools are closed and children are required to study from home, Jessica has decided to purchase an affordable SHS that comprises four bulbs, 55 watts solar panel, 12Ah battery , a radio, a torch and a phone charger costing USD 250, repayable in 24 months

With abundant lighting, children can comfortably do their studies in the night. The radio is quite important for the family during this crisis.

Nombre de la empresa	BNF
Director general	Jessica Atiya
Fundado	2020-10-21
Ubicación	Nairobi
Sector	Proyectos de energía sostenible
Volumen de negocio	€0
Empleados	148

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.