Solar Home Systems 67

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Kenia

Solar Home Systems 67

BNF

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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

Importe

4.25%

Interés

12 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€15,850
Interés	4.25%
Vencimiento	12 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 1 hora.en 26 Febrero 2021.

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)

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.

Nombre de la empresa	BNF
Director general	Jones Azivilwa
Fundado	2021-02-24
Ubicación	Nairobi
Sector	Proyectos de energía sostenible
Volumen de negocio	€0
Empleados	72

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.