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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

  • Simealai
    Samoa
    Simealai received a loan from mike to buy vegetable seeds, chemicals, wheelbarrow, water tank, rake, shovel, hand gloves, and safety boots.
    mike
    $475 to go
    Lend Now
  • Ysalda
    Haiti
    Ysalda received a loan from Nimmi to buy more flour and spaghetti.
    Nimmi
  • Sandra
    Haiti
    Sandra received a loan from Nimmi to increase her stock of merchandise.
    Nimmi
  • Bela
    Haiti
    Bela received a loan from Nimmi to increase her merchandise inventory.
    Nimmi
  • Betty
    Liberia
    Betty received a loan from Nimmi to purchase more soap, rice, oil, milk, sugar and toothpaste to sell.
    Nimmi
  • Beatrice
    Liberia
    Beatrice received a loan from Nimmi to buy more washing soap, fish, chicken feet and other items to sell.
    Nimmi
  • Marie Yves
    Haiti
    Marie Yves received a loan from Nimmi to increase her stock of food products.
    Nimmi
  • Antoine
    Haiti
    Antoine received a loan from Nimmi to increase their stock of used refrigerators.
    Nimmi
  • Fatmata's Female Farmers Group
    Sierra Leone
    Fatmata's Female Farmers Group received a loan from Gaby to pay for improved seeds, organic inputs, and a tractor rental, which will allow these farmers to escape subsistence by farming a larger area with a higher yield.
    Gaby
  • Lufi
    Samoa
    Lufi received a loan from mike to buy a banana tube, taro roots, a wheelbarrow, a water tank, hand gloves, a rake, a shovel, and chemicals.
    mike
  • Mercedes
    Honduras
    Mercedes received a loan from mike to buy a solar lighting system that will improve the living conditions of her family.
    mike
  • Deevabits Green Energy
    Kenya
    Deevabits Green Energy received a loan from charbono to alleviate energy poverty among rural Kenyans and purchase personal protective equipment (PPE) for staff during COVID-19.
    charbono

Impact   Updated Hourly

19
Team Members
$14,275
Amount Funded
555
Loans
29.2
Loans per member