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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

  • Evangeline
    Philippines
    Evangeline received a loan from Nimmi to buy fertilizers and pesticides for their crops.
    Nimmi
  • Nimeh
    Palestine
    Nimeh received a loan from Nimmi to pay university tuition for the new semester.
    Nimmi
  • Rosemary
    Papua New Guinea
    Rosemary received a loan from Nimmi to purchase food for catering business.
    Nimmi
  • Anne's Group
    Kenya
    Anne's Group received a loan from Nimmi to purchase hybrid seeds and fertilizer to improve harvests of maize.
    Nimmi
  • Jenipher's Group
    Kenya
    Jenipher's Group received a loan from Nimmi to purchase hybrid seeds and fertilizer to improve harvests of maize.
    Nimmi
  • Akim
    Uganda
    Akim received a loan from Nimmi to buy fertilizer for his farm to increase production and revenue after sale.
    Nimmi
  • Maderina
    Rwanda
    Maderina received a loan from Nimmi to buy more spare parts for vehicles to sell and meet customer demand.
    Nimmi
  • Mark
    United States
    Mark received a loan from Wayne to help pay for a small solar system for Mark's home to help lower his electric bills and lessen his impact on the environment.
    Wayne
  • Wilberforce
    Uganda
    Wilberforce received a loan from mike to purchase the ACE 1 energy system in order to have access to solar power for lighting, charging, and cooking in a way that is safer, cleaner, and saves money.
    mike
  • Simusolar
    Tanzania
    Simusolar received a loan from 2 team members farmers and fishers in Tanzania to earn more income with solar water pumps and fishing lights.
    mike Wayne
  • Muhammad
    Palestine
    Muhammad received a loan from Wayne to buy solar panels for heating water for the family house.
    Wayne
  • David
    Uganda
    David received a loan from Wayne to buy more solar panels and batteries to start another saloon.
    Wayne

Impact   Updated Hourly

21
Team Members
$13,275
Amount Funded
514
Loans
24.5
Loans per member