Kiva Lending Team: CORENA - Citizens Own Renewable Energy Network Australia
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!
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 eleven installations, which are now helping fund the 12th 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
9 messages. Join the team to get in on the action!
Muuluka Group received a loan from charbono to buy a home energy system that will provide his family with solar lights, phone charging ports, an improved cook stove, and a subscription of pellet cooking fuel.$750 to goLend Now
Fatmeh received a loan from charbono to buy solar panels to heat the water in the house for using for cooking, to shower and other uses, especially in winter.
Lion Star Group received a loan from mike to pay for a ACE1 clean cookstove which improves peoples lives abundantly.
Buthayna received a loan from Wayne to buy solar panels to heat the water in the house for things like cooking and showering and for other uses, especially in winter.
Afaf received a loan from Wayne to buy solar panels to heat the water in the house for cooking, showering and other uses, especially in winter.
Martín received a loan from mike to buy an 80-watt solar energy system with four lights and accessories to be installed in his home.
Bakhtiyor received a loan from mike to buy and install solar panels at home, in order to reduce his electricity expenses.
Anna received a loan from Gaby to buy materials to renovate her orchards and repair agricultural machinery.
Ruzanna received a loan from Gaby to buy cucumber seeds, fertilizer and materials to renovate greenhouses and prepare them for an early spring.
Balquees received a loan from Nimmi to buy a sewing machine and supplies such as thread, buttons, machine oil etc for her tailoring.
Have feedback on lending teams? Click here.