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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 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

 

Latest Messages  

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

Team Activity

  • Sopheak
    Cambodia
    Sopheak received a loan from 2 team members to purchase a solar home system so that he can have electricity in his house for the first time.
    Wayne mike
  • Tegemeo Peter
    Tanzania
    Tegemeo Peter received a loan from mike to pay for his home solar energy system.
    mike
  • Zied
    Palestine
    Zied received a loan from mike to buy a solarium (solar panel).
    mike
  • Hanaa
    Palestine
    Hanaa received a loan from Wayne to buy a solarium (solar panel).
    Wayne
  • Martha
    Kenya
    Martha received a loan from Nimmi to buy more stock of auto parts.
    Nimmi
  • Irshad
    Pakistan
    Irshad received a loan from Nimmi to buy a wooden stall, flour, oil, salt etc. for her husband's local delight "golgappy" (food) stall.
    Nimmi
  • Felicita
    Mexico
    Felicita received a loan from mike to purchase a solar energy home system to give her kids a better future.
    mike
  • Suhair
    Palestine
    Suhair received a loan from Wayne to buy solar panels.
    Wayne
  • María
    Nicaragua
    María received a loan from mike to buy a 100 watt solar energy system with 4 luminaries and accessories for her home.
    mike
  • Samet
    Cambodia
    Samet received a loan from Heather to acquire a solar home energy system.
    Heather
  • Ara
    Armenia
    Ara received a loan from Ben to pay for a solar water heating system and its installation.
    Ben

Impact   Updated Hourly

18
Team Members
$5,525
Amount Loaned
218
Loans
12.1
Loans per member