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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

  • Mary
    Kenya
    Mary received a loan from mike to buy a water tank for harvesting rainwater.
    mike
  • Coldhubs
    Nigeria
    Coldhubs received a loan from mike to improve farmer incomes with full cold chain services to Nigerian smallholder farmers, retailers, and wholesalers.
    mike
  • Ofisa
    Samoa
    Ofisa received a loan from mike to buy banana tubers, taro roots, a wheelbarrow, water tank, hand gloves, rake, shovel, chemicals, fertilizer, and a back blower.
    mike
  • Joseph
    Kenya
    Joseph received a loan from Nimmi to purchase papyrus reeds for making brooms, mats, and sisal ropes.
    Nimmi
  • Kipkorir
    Kenya
    Kipkorir received a loan from Nimmi to buy a biodigester to turn his farm waste into resources to expand his corn production.
    Nimmi
  • Jonas
    Rwanda
    Jonas received a loan from Nimmi to purchase more bread baking machines and also increase the inventory of wheat flour.
    Nimmi
  • Mwangaza Light
    Kenya
    Mwangaza Light received a loan from mike to finance the sale of energy-efficient cookstoves and solar home solutions to Kenyan households at affordable terms.
    mike
  • Adama
    Burkina Faso
    Adama received a loan from charbono to buy batteries, solar panels, and connections in order to save up enough money to improve his family's living conditions.
    charbono

Impact   Updated Hourly

19
Team Members
$15,500
Amount Funded
609
Loans
32.1
Loans per member