Click to enlarge

We loan because...
We want to empower people and communities to take action on climate change, by helping them become part of the clean energy revolution!

About us
This Lending Team was set up to enable members of CORENA to fund solar projects outside of Australia, while at the same time spreading the word about CORENA to people on Kiva. CORENA's projects are all based in Australia and are funded through our website, corenafund.org.au. The loans made on Kiva in the name of this Lending Team are in no way funded by donations made to CORENA.

CORENA (Citizens Own Renewable Energy Network Australia Inc) is a people-powered funding mechanism, not unlike Kiva, designed to speed up the transition to 100% renewable energy.

**Quick Win project fund (rolling)
CORENA uses the donated funds to give an interest-free loan to a non-profit community organisation to pay for solar panels (and other efficiency measures), and they pay back the loan out of subsequent savings on their power bills (it doesn't cost them a cent!) The loan repayments then go towards funding the next Quick Win project(s). CORENA was formed in 2013, and has already completed seventeen installations, which are now helping fund the 18th project.

**Big Win project fund
We plan to build Australia's first community-owned, large scale (50MW) Solar Thermal plant with molten salt storage at Port Augusta, in South Australia. The plant will provide cheap, clean energy that never runs out, and will be owned collectively by ‘the people’ and operated for the benefit of all. If around 720,000 people each contribute $8 per week for ONE year, we can fund this project entirely by donations. There’ll be no loan repayments or dividends to shareholders, so all profits will be used to build yet more people’s solar plants.

Location: Australia       Team website

 

Latest Messages  

12 messages. Join the team to get in on the action!

Team Activity

  • Jacobo
    Nicaragua
    Jacobo received a loan from Nimmi to maintain three "manzanas" [roughly 5 acres] of bananas.
    Nimmi
  • Nyabuto
    Kenya
    Nyabuto received a loan from Nimmi to buy farm inputs such as seeds and fertilizer to improve the yields on his farm as with increased revenue, he will better support his five children.
    Nimmi
  • Ion
    Moldova
    Ion received a loan from Nimmi to buy tools and materials needed to build the greenhouse.
    Nimmi
  • Matalena
    Samoa
    Matalena received a loan from mike to buy banana tuber, taro roots, wheelbarrow, water tank, hand gloves, rake, shovel, chemicals and a back blower.
    mike
  • Tamasau
    Samoa
    Tamasau received a loan from mike to buy chemicals, fertilizer, a new wheelbarrow, a tiller, a rake, new gum boots, spade and a back blower.
    mike
  • Muhammad
    Palestine
    Muhammad received a loan from Wayne to buy a solar system for his house to reduce the use of electricity and get hot water.
    Wayne
  • Suhail
    Palestine
    Suhail received a loan from Wayne to buy a solar system for his house to reduce the use of electricity and get hot water.
    Wayne
  • Yasmeen
    Palestine
    Yasmeen received a loan from Ben to buy a solar system for her house to reduce the use of electricity and get hot water.
    Ben
  • Mahmoud
    Palestine
    Mahmoud received a loan from Wayne to buy a solar energy system for his house to reduce the use of electricity and get hot water.
    Wayne
  • Huda
    Palestine
    Huda received a loan from Wayne to buy a solar system for the house to reduce the use of electricity and get hot water.
    Wayne
  • Nimer
    Palestine
    Nimer received a loan from Wayne to buy a solar system for his house to reduce the use of electricity and get hot water.
    Wayne

Impact   Updated Hourly

19
Team Members
$13,850
Amount Funded
537
Loans
28.3
Loans per member