Stage 6: Sustainable Scale
Rafode has tested the innovation in the market and refined its product, we are looking for funds to scale up the innovation to enable us earn income and improve the lives of the rural poor.
Funds Raised to Date
Kenyans lack resources to be able to afford other form of energy for households thus
reverting back to unconventional methods of house hold lighting and cooking such as kerosene lamps, candles that are harzardous to households
Rafode offers loans to households in Rural areas of kisumu to enable them to purchase solar products
that enable them to have access to lamps and efficient cook stoves for their customers and members
Mission and Vision
Mission: To provide affordable financial services that positively transforms and enriches communities.
Vision: Empowered and dignified communities
RAFODE is a non-deposit taking Microfinance company which also provides loan products that helps rural clients access affordable green energy products on credit. The company, for these specific renewable energy products, employs a PAYGO model on a range of products
We work with clients bellow the pyramid and we structure them into groups which provide a social guarantee and this enables many rural clients not able to access this products and services to easily access them. We provide variety of product to ensure we meet the need of all clients both the poorest and the poor. we involve the community in decision making enabling the project to be owned by the community.
Planned Goals and Milestones
We are looking for funds to scale up Rafode innovation to enable us reach out to many rural communities in rural areas not connected with electricity with solar lamps.
|Recruit||2 managers and 10 credit officers|
|New Feature||increase coverage to new areas|
The Team Behind the Innovation
1. Antony Mayodi - MD
2.Elizabeth Ndibile - Finance Manager
3. Alice Malesi -IT Manager
4. Grace Opere - Operations Manager
EXECUTIVE TEAM INCLUDES WOMEN