SIDONGE
Busia, Kenya
PROJECT PHASE
Location
Busia > Samia > Funyula > Nambuko > Mango
Closest town – Funyula
Population
Approximately 600 people or 104 households
Nearest School
Primary – within community
Secondary – 5km walk
Electricity Supply
National grid within 1km
Only 2 small businesses and a private home connected
Water access
Ground water from shallow wells and Sio river close by
Spring with manual chlorine dosing
Irregular piped water to a few families
High cholera prevalence
Income & Economy
Avg. Monthly Spend of 15-25 US$ (firewood, charcoal, water treatment, medicine and others)
Agriculture subsistence farming largely casava, maize, beans and ground nut crops
Some livestock & poultry
TECHNO-ECONOMIC SUMMARY
250 Families
provided access to electricity
€30000
total amount needed in order to complete this project
Matching Found
For each Euro you invest, Fortum will fund one Euro, until the project is fully funded, enabling your impact to be twice as effective.
RVE.SOl funds
RVE.SOL pledged €15000 from their own funds into the installation, to cover the overall installation costs of €45000.
5 years
number of years until you get your money back
10,4%
Gross return exclusive exchange rate. Bi-annual repayments, grace period on first payment (only interest payment), 10% interest p.a. on declining balance.
€33276
Return after 5 years
December 2015
receive investment
March 2016
Construction is completed. People start receiving electricity.
Risks
Exchange rate fluctuations and political risks in Kenya which could influence the amount of money payed back.
Regular updates to investors
About the project and the positive impact it has on people’s lives.
IMPACT
50 Families
with access to renewable electricity and potable water
30 Families
Access to 24/7 electricity
20 Families
Access to solar lanterns
7 kWp
hybrid solar installation
5+
businesses with electricity
75% more savings
per house, per month, by using electrical bulbs instead of kerosene lanterns
72% reduction
in kerosene use
74% monthly savings energy
of $12/month instead of $16/month
47% improvement in grades
because of night-time study with light
180% increase in girl-child school
attendance because of financial savings
Zero cases of waterborne
illness through consistent use of potable water
2h savings
per mobile phone recharge, avoiding long distances to normally do so
Access to television
and related educational programs brought on further income and savings increases
100% increase
in cassava yield
66% increase
in mosquito net and resulting prevention of malaria
The impact study results indicates not only that the KUDURA technology works reliably, but more importantly that consumers are willing to pay for clean energy & water services. A further 28 households have signed for our next expansion phase.