Sunnymoney Micro-franchising
By Anna on March 6, 2009 3:26 PM
Categories: Livelihoods, health
Project Name: Sunnymoney Micro-franchising
Country: Kenya
About: This project will provide a sustainable way out of poverty for entrepreneurial Kenyans, and a means to end reliance on harmful kerosene
Duration: Ongoing.
Cost: £80,000 per year
This project is supported by Barclays Trust
What is Sunnymoney?
Sunnymoney is the name given to SolarAid's innovative solar products. It gives small-scale solar entrepreneurs in Kenya the means to earn an independent income - and help eradicate the use of harmful kerosene.
Why support Sunnymoney?
Sunnymoney is a means for people to lift themselves out of poverty. By offering solar micro-franchisees training in business - we can help would-be entrepreneurs to develop their own successful businesses. And profitable businesses will benefit the wider community too.
Sunnymoney is sustainable. Micro-finance loans mean entrepreneurs can buy equipment to build and repair small solar products. The panels are sold to charge batteries and phones and power light bulbs - reducing the community's dependence on harmful and expensive kerosene.
Where will it happen?
The first recruitment of franchisees took place in Muhuru Bay in partnership with WISER, in early 2009.
Like many rural areas across Kenya, Muhuru Bay suffers from a great deal of widespread HIV/AIDS, from a very low average monthly income and has little access to mains power. This project will bring a much needed sense of purpose and relief to the area.