funding gap emerging markets
Kenya

Solar Home Systems 67

  • BNF
  • Local partner investment
  • + 44 other investors
  • With a loan of EUR 15,850 local partner BNF will be able to install 72 solar home systems at households in Kenia.

    €15,850
    Amount
    4.25%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€15,850
    Interest4.25%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 hour on 26 February 2021.
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      Average investment
      Based on all Lendahand historical investments
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      Project will be fully funded

      Summary

      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)

      Information note issuing company (BE)

      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 nameSolar Home Systems 67
      CEOJones Azivilwa
      Founded2021-02-24
      LocationNairobi
      SectorSustainable energy projects
      Turnover€0
      Employees72

      Impact

      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.

       

      SDG’s impacted

      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.

       

      Related blog articles

      Eager to learn more about clean energy projects on our platform? Read here. 

      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

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      We have already contributed for Solar Home Systems 67

      Jan de Wit
      Nina Peeters
      + and another
      44
      investors