Posted on 21 September 2012
We have an exciting new way to give: Loan as little as $25 (£15) and help light the homes of 20,000 people. You can even get your money back. Interested?
It starts in the Chadiza District of Eastern Zambia. We will receive a crowd-sourced loan of $10,000 from our brilliant new partner, SunFunder, which will result in the sale of 780 solar powered lights through our SunnyMoney Schools Campaign. Following the Zambia loan we will move somewhere new and do the same.
We believe that selling solar lights is much better than giving them away. It’s helping create a market, which will spread the solar net much further than traditional methods of aid. What’s more, the lights we sell can transform the lives of a household by reducing the amount families spend on fuel, and provide a safe clean light to use. This means more time to study, work or even socialise.
Ryan Levinson, CEO and founder of SunFunder says: "This partnership has the potential to make clean affordable solar energy a reality where it is needed the most. Investors are able to put their money directly into a leading, on-the-ground solar provider, SolarAid, and see the results this investment has created.”
SunFunder investors are repaid over a period of six months to two years, earning back their principal plus interest-based 'Impact Points' that can be used to reinvest in new projects. Those who invest are also able to track the project’s performance.
So, are you interested? Find out more here.
SunnyMoney CEO fundraising BHAG Brave Lighting homes Kathy Sunny Schools fundraiser Sean Conway Hult Steve Andrews Solarcentury TED John Keane teachers Research Ralph Greenland Digital soccket Gill Davies Twitter Events Richard Turner Susie Wheeldon Solar Cycle Diaries Victor Koyier Steve Woodward SunFunder Kathy Hill education Pippa Palmer Brave Mhonie slideshow Rick de Gaay Fortman Tanzania Kat Harrison school zambia Kenya Radio 4 Ian McEwan Malawi Ray of Sunshine Impact ecobuild solar lighting solaraid solar charity Africa ecobuild 2013 solarhub. right to light sustainability sunshine is free BBC solarhub right to light Solar Hub sunrisekat sunnymoney jeremy leggett impact Kat Harrison Ray of Sunshine Senegal Ashden awards Make it a Million Solar Energy Charity non-profit organisation