# SolarAid uses SunFunder crowdfunding service to finance solar lighting in Zambia

- Link: https://fundraising.co.uk/2012/09/24/solaraid-uses-sunfunder-crowdfunding-service-finance-solar-lighting-zambia/
- Published: 2012-09-24T00:47:22+01:00
- Author: Howard Lake

**SolarAid is using US-based crowdfunding site SunFunder to try to bring solar power
to over 20,000 people in Eastern Zambia.**

The site is not generating donations but loans. Supporters can use it to invest 
money in the project in amounts that start at £15 ($25). The total target is $10,000,
which will finance the purchase of 781 solar-powered lights. These lights will be
sold to Zambian families who currently live without power.

Investors who place money into a project are repaid over a period of six months 
to two years, earning back their contribution plus interest-based “Impact Points”
that can be used to reinvest in new projects. Investors are also able to track their
project’s performance and impact.

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In the first few hours of announcing the fund, over $2,000 was pledged by individuals.

A few days later it is 31% funded by 32 people.

Richard Turner, Director of Fundraising for [SolarAid](http://www.solar-aid.org),
said: “These brilliant little lights can transform the lives of a family by reducing
the amount they spend on kerosene, and providing a safe clean light to use. We just
need the capital to buy these magical lights and get them to remote areas. Sunfunder
can help make that happen and we are delighted to be partnering with this amazing
initiative.

“It’s another option that we can offer to people in addition to donating or fundraising
to directly support our work”.

www.sunfunder.com/projects/view/29

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