Promoting access to electricity - Stima Loan

The project aims to contribute to economic development, improving the living conditions of households and reducing inequalities. The specific objectives of the project are: to contribute to increased access to electricity by making the cost of connection to the electricity network more affordable, control increase in peak electrical demand by distributing low-energy light bulbs and replacing incandescent bulbs, increase the density of transformers on the distribution network. The project supports a key financing mechanism (Stima Loan) set up by the Kenya Power and Lighting Company (KPLC). Stima Loan allows KPLC to advance to households 70% of the connection cost, which is refunded to KPLC by the consumer over a period of 2 years.