Updated Jun 25, 2019

Rafode Limited

Providing renewable energy solutions for rural households, small and micro loans to rural poor to enable them improve their small business, small holder farmers to access finance to improve their lives

www.rafode.co.ke

Mayodi Antony

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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.

Focus Areas:

Solar

SolarSEE LESS

Implemented In:

Kenya

KenyaSEE LESS

1
Country Implemented In
6,700
Customers
40
Employee
$350,000
Funds Raised to Date
Verified Funding
?

Problem

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

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Solution

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

Target Beneficiaries

Households

Mission and Vision

Mission: To provide affordable financial services that positively transforms and enriches communities. Vision: Empowered and dignified communities

Innovation Description

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

Competitive Advantage

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.
Recruit2 managers and 10 credit officers
New Featureincrease coverage to new areas

The Team Behind the Innovation

Rafode team. 1. Antony Mayodi - MD 2.Elizabeth Ndibile - Finance Manager 3. Alice Malesi -IT Manager 4. Grace Opere - Operations Manager

EXECUTIVE TEAM INCLUDES WOMEN

Milestones

Date Unknown
New Country Implemented In
Kenya