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In the village of Simotwet, residents now cook with biogas, a 100% renewable and CO2-neutral energy source. This affordable energy is produced by fermenting manure in a biogas digester.

Switching from cooking on firewood to biogas has had a huge positive impact on the lives of these rural families. Previously, residents had to search daily through the Mau Summit forest for firewood, sometimes carrying up to 60 kilograms. Fortunately, this is no longer necessary. Reducing deforestation due to the switch to biogas also contributes to preserving the environment in their living area.

Cooking with biogas has not only improved families' health but has also highlighted the concrete negative consequences of cooking with fire. Previously, many women suffered from severe lung issues due to smoke in the kitchen.

Fortune Credit supports low-income families in transitioning to biogas with low-interest loans, enabling them to benefit from this clean energy source.

What social return could your investment generate? 

Your investment in Fortune Credit directly supports three key areas: increasing food production for farmers, making transportation more sustainable through electric boda bodas for youth, and promoting climate-neutral cooking with biogas for households. This results in lower CO2 emissions and stronger economic opportunities for Kenya's small entrepreneurs and rural communities.

Farmers:

• This loan directly supports 99 farmers, of whom 65% are women.
• Financial access allows farmers to gradually invest in their farms, improving their quality of life.

Youth:

• The loan finances the production of 15 electric motors for Kenyan youth, intended for use as boda boda taxis.
• Using electric motors contributes to lower greenhouse gas emissions, which is important in the fight against climate change.

Households:

• Through the Clean Cooking Program, about 60 families gain access to biogas digesters, enabling them to cook with biogas.
• Biogas is a healthier alternative for cooking and reduces the need to cut wood for firewood, which counteracts deforestation.

What financial return could your investment generate? 

• Annual interest rate of 8%
• The maturity of the loan is 24 months
• There will be a repayment of your investment every 6 months
• With an investment of 1,000 euros, your expected repayment would be 1,100 euros
• Please consider that although you invest in EUR, the loan is in USD, so there is a risk of exchange rate fluctuations between dollars and euros. For more information, please visit our currency page

The story of Fortune Credit

Fortune Credit Limited, established in 2014, is on a mission to catalyze economic empowerment among Kenya's rural population. Their range of savings, credit, and insurance services currently supports over 15,000 clients across 10 counties, with a loan portfolio of USD 3 million. Their commitment lies in investing in strenghtening those at the bottom of the pyramid in society to alleviate poverty.

The solutions Fortune Credit offers, are designed to accelerate access to innovative financial products and services. As a social enterprise, they are focused on sustaining livelihoods, empowering individuals to thrive, and fostering positive change for a brighter future. Recognizing the unique challenges faced by MSMEs in navigating traditional financing and rigid models, Fortune Credit seeks to address market gaps and develop semi-formal industries. Their ultimate goal is to be a steadfast advocate for the social-economic and ecological prosperity of the people of Africa.

Fortune Credit in numbers

• Founded in 2014
• 45 employees
• 15,000 clients 
• 65% female borrowers
• Loan portfolio of USD 3 million