Fortune Credit 11
With a loan from Fortune Credit, Festus was able to install a biogas system, turning animal waste into clean, renewable energy. This sustainable solution reduces reliance on traditional fuels and supports the fight against climate change. Your investment in Fortune Credit helps 15 families like Festus' adopt this eco-friendly technology.
The project
Through Fortune Credit’s Clean Cooking Program, Kenyans living in rural areas now have access to biogas digesters. These digesters convert manure into biogas, a 100% renewable and CO2-neutral energy source. By offering low-interest loans, Fortune Credit enables low-income families to transition to this affordable, sustainable energy, reducing reliance on firewood and promoting environmental conservation.
Fortune Credit on Lendahand
- Active on Lendahand since: August 2023
- Total funds raised: €1.201.865
- Amount repaid: €184.251
- Interest paid: €24.800
- On-time repayments: 4 out of 4 (100%)
Your investment
- Annual interest rate: 8%
- Return: 10%. For an investment of €1,000, the expected total repayment is €1,100.
- Duration: 24 months
- Currency: dollar. Please note that while you invest in euros, the loan is in dollars, which means there is a risk of currency fluctuations between the two. Visit our page on currency risks for more details.
Fortune Credit
Impact
Fortune Credit focuses on supporting marginalized communities in Kenya. Your investment in Fortune Credit supports them in four key areas: boosting food production for farmers, promoting sustainable transportation through electric motorcycles for young professionals, advocating for climate-neutral cooking with biogas for households, and financing business loans for micro-entrepreneurs. These initiatives reduce CO2 emissions, secure food availability, provide eco-friendly transportation, improve living conditions, and bolster community economic resilience.
SDGs impacted
With this project, you are contributing to the following Sustainable Development Goals:
- SDG 1 - No poverty
- SDG 5 - Gender equality
- SDG 7 - Affordable and clean energy
- SDG 8 - Decent work and economic growth
- SDG 10 - Reduced inequalities
Read more about the impact you can make through our platform and the SDGs on our impact page.
Related blog articles
- Read more about the importance of clean cooking solutions through the experience of Kenyan writer Charity here: 5 Ways Solar Solutions Reduce The Gender Gap in Poor Households.
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