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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

  • Moses
    Kenya
    Moses received a loan from Hugh to buy a solar-powered digital television.
    Hugh
  • Siti Sofiyah
    Indonesia
    Siti Sofiyah received a loan from Hugh to build a water tank to get access to clean water for her family.
    Hugh
  • Rose's Group
    Kenya
    Rose's Group received a loan from Hugh to buy cost efficient maize seeds and fertilizer for the coming harvesting season, as well as two solar lights.
    Hugh
  • Mahran
    Palestine
    Mahran received a loan from Hugh to buy a new solar system for his house to reduce the use of electricity and get hot water.
    Hugh
  • Tauaina
    Samoa
    Tauaina received a loan from mike to buy a wheelbarrow, a rake, a shovel, a water tank, and hand gloves.
    mike
  • Taegogo
    Samoa
    Taegogo received a loan from mike to buy vegetable seeds, chemicals, wheelbarrow, water tank, rake, shovel, hand gloves and safety boots.
    mike
  • Atu Heliana
    Indonesia
    Atu Heliana received a loan from Nimmi to buy a smartphone for her child’s education needs.
    Nimmi
  • Sani
    Indonesia
    Sani received a loan from Nimmi to buy a smartphone for her child’s education needs.
    Nimmi
  • Suhrob
    Tajikistan
    Suhrob received a loan from Nimmi to pay for his son's education so that he can continue studying and have a bright future.
    Nimmi
  • Saba
    Georgia
    Saba received a loan from Nimmi to gain a bachelor's degree in marine engineering.
    Nimmi

Impact   Updated Hourly

19
Team Members
$15,025
Amount Funded
590
Loans
31.1
Loans per member