Finance over 750 solar lighting and mobile phone charging systems for students and families
SunnyMoney will use this $10,000 loan to purchase and sell approximately 781 solar-powered lights to families in the Chadiza district of Eastern Zambia, impacting over 3,900 people’s lives. The sales will take place through SunnyMoney’s solar schools campaign, which provides lighting to students and their families at a discount. Students use their solar lights to study by and to charge mobile phones. This extends their study hours without the use of expensive kerosene lanterns, which can burn up 20% of a family’s income or more, and emit harmful emissions. Working through school allows SunnyMoney to overcome the trust barrier typically faced when introducing a new technology like solar lights. All of the target schools in the Chadiza zone of the Eastern Province are remote and not connected to the electric grid, instead relying on kerosene lanterns and candles for light.
SunnyMoney business overview
SolarAid’s operational model creates a sustainable market for solar products that revolves around a network of associated local dealers under the SunnyMoney brand. SunnyMoney local representatives remain available after sales to answer customers questions, provide maintenance, and stock solar lights (to meet growing demand once neighbors of early customers see the product in action). This ensures that people have a point to access new products, and a place to get lights repaired or replaced through warranties.
SolarAid set its goal to eliminate kerosene lanterns because they are a dangerous and expensive source of light. Kerosene contributes to more deaths globally than malaria, while solar lanterns provide safe, higher quality light. In addition, the cost of kerosene and candles for lighting can absorb 20% or more of household income. With solar lanterns, the money saved on fuel costs is instead available for food, healthcare and education. As a result of this project, the owners of new solar lanterns in the Eastern Province will experience significant savings in their energy costs, better light quality to study by, healthier indoor air to breathe, and easier mobile phone charging. Academic performance and retention of teachers in “solar schools” have also been shown to improve.
Can you imagine going a day without your smart phone because you couldn’t charge it? Another benefit of the SunKing Pro lanterns is the mobile phone charging capability. Solar charging ensures that agricultural families can use mobile money and access information that improves their businesses. They can even charge phones for others as a service and earn additional income.
The project impact will be monitored and reported on, and the estimated annual impact is expected to be:
*Once a family has invested in their solar light, they free up a large chunk of their weekly income, which can be spent on other necessities such as food, health and education.
Meet John and watch his story
Here is the story of one special user of solar energy. Learn more about how SunnyMoney technology has benefitted John and his community.
SunnyMoney will distribute two types of products in this project:
1. S1 by d.light. The d.light S1 provides up to 4 hours of light on a full day's charge and uses highly efficient LEDs. It provides focused lighting that can be easily oriented in any direction, and is ideal for studying or working.
Photo Credit: Steve Woodward
2. SunKing Pro by Greenlight Planet. Provides 15 hours of light on a single day's charge so that a whole family can cook, walk and study by its bright light without fear of losing power. It is two times brighter than a typical kerosene lantern and includes a mobile phone charging port, digital meter, roof-mountable solar panel, aluminum frame, and 5-meter cord.
Photo Credit: Steve Woodward
By 86 People
$0 To Go
out of $10,000 Target
SunnyMoney is a social enterprise that sells quality solar lights in Malawi, Zambia, Kenya and Tanzania, reducing reliance on expensive, poor quality fuels such as kerosene and disposable, short life batteries.
SunnyMoney is a subsidiary of SolarAid, a UK-based organization that intends to eliminate the kerosene lamp from Africa by distributing affordable solar energy products that improve users’ lives and health. Founded in 2006 by solar industry experts, SolarAid and its partners have sold almost 150,000 lights operating in Zambia, Kenya, Malawi, and Tanzania with expansions planned in the coming years.
Term: 12 months
Payment dates: Quarterly
Interest rate: Principal repayment only
Impact points: Equivalent to 3.5% annual interest
Repayment schedule for $10,000 loan
*100 Impact Points is equivalent to $1 that can be used to reinvest in other SunFunder projects. Learn more about Impact Points here.
The solar technology will be deployed in Chadiza, located in the Eastern Province of Zambia, where 97% of people work in agriculture. Chadiza is extremely rural with very poor infrastructure to support its remote schools. During market assessments, interest in solar energy products was very strong from all the Chadiza based schools.