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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  

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

Team Activity

  • Sorkheav's Group
    Cambodia
    Sorkheav's Group received a loan from Gaby to buy a water filter to provide safe drinking water for their family.
    Gaby
  • Baia
    Georgia
    Baia received a loan from Nimmi to pay tuition toward her bachelor's degree.
    Nimmi
  • Saleh
    Palestine
    Saleh received a loan from Nimmi to pay his wife's educational fees at a university.
    Nimmi
  • Firuza
    Tajikistan
    Firuza received a loan from Nimmi to pay tuition fees for her teaching degree, allowing her to obtain her qualifications.
    Nimmi
  • Jane
    Solomon Islands
    Jane received a loan from Nimmi to buy rice, flour and diapers for her general store business.
    Nimmi
  • Rodaina
    Palestine
    Rodaina received a loan from Nimmi to buy tables, chairs, board, and other needed tools for her work.
    Nimmi
  • Ahmed
    Palestine
    Ahmed received a loan from 2 team members to buy a solar system for his house to reduce the use of electricity and get hot water.
    mike Wayne
  • Armen
    Armenia
    Armen received a loan from Wayne to pay for the solar water heating system (pictured) and its installation.
    Wayne
  • Garik
    Armenia
    Garik received a loan from Wayne to pay for two solar water heating systems and their installation.
    Wayne
  • Abed
    Palestine
    Abed received a loan from Wayne to buy a solar system for his house to reduce the use of electricity and get hot water.
    Wayne
  • Samar
    Lebanon
    Samar received a loan from Nimmi to pay her children’s educational fees, ensure them a suitable education and help them to achieve their dreams.
    Nimmi
  • Sarvaroi
    Tajikistan
    Sarvaroi received a loan from Nimmi to pay for her daughter’s tuition at the Tajik State University of Business and Politics and in this way help her child have a bright future.
    Nimmi

Impact   Updated Hourly

21
Team Members
$12,900
Amount Funded
500
Loans
23.8
Loans per member

Rankings In Other Category

#10 for New Users (This Month)