Solar Home Systems 67
With a loan of EUR 15,850 local partner BNF will be able to install 72 solar home systems at households in Kenia.
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).
Jones is a single mother of three who transports her indigenous vegetables to Nairobi.
She can afford Pawa home system consisting of 3000mAh battery, 10W panel, 4 bulbs, torch, radio and USB chargers all at USD 254. Her income is around USD 300 per month.
She has been using kerosene for lighting at a cost of USD2 per day. Her school going children will enjoy clean light for studies as she enjoys entertainment from the radio. Neighbors will charge phones from her home bringing additional income of USD5.
This is a big step forward in the new year for Jones.
|Company name||Solar Home Systems 67|
|Sector||Sustainable energy projects|
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.
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.
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During the 2020 Covid-19 pandemic, the demand for solar home systems increased significantly in emerging markets. Read more here.
- With this investment 1 jobs are created
- With this investment 360 people are reached
- With this investment 72 solar home systems are installed