Peer2Peer Finance News
The UK's first peer-to-peer finance magazine for investors and the industry
  • Home
  • News
    • Personal Finance News
    • Industry News
    • SME News
    • Global News
  • Property
  • IFISA
    • IFISA Guide
  • Video
  • Open Banking
  • Cryptocurrency
  • Features
    • Joint Ventures and Promoted Content
  • Comment & Analysis
  • What is P2P?
  • Partners
  • Events
    • Past Events
  • P2P Power 50
    • Power 50 2020
    • Power 50 2019
    • Power 50 2018
    • Power 50 2017
  • Sign up to our e-newsletters
  • Magazine
  • Directory
  • Jobs
  • My Account
    • Manage Account
    • Change Password
    • Log In
    • Log Out
shutterstock_1171051282
September 5 2018

Lendahand Ethex hits £5m milestone for solar projects in Africa

Marc Shoffman Industry News, News Africa, Lendahand Ethex, Lisa Ashford, solar

POSITIVE impact investing platform Lendahand Ethex has raised more than £5m for projects in Africa.

Lendahand Ethex, which offers crowdfunded impact investments that are eligible for inclusion in an Innovative Finance ISA (IFISA), launched several Energise Africa solar projects in April.

More than 1,000 investors have been connected to 40 projects with more than 180,000 people now able to access affordable solar energy in Uganda, Kenya, Mozambique, Tanzania, Rwanda, Burkina Faso, DR Congo, Cameroon and Senegal.

Read More: A positive impact

“We are delighted to reach this milestone,” Lisa Ashford, managing director of Lendahand Ethex, said.

“There is a growing demand for transparent, social and simple products. What’s particularly satisfying is the ability of ordinary UK investors to see the impact of their investment. We hope to build on this to help even more families in Africa and expand the reach of positive investment products in the UK.”

Investors can deposit a minimum of £50 in different projects and can choose the location and term of their investment over typically two to three years, targeting potential returns of up to six per cent a year.

Users can also access a portfolio impact tracking tool that shows detailed social, environmental and financial impact updates once repayments begin six months into their investment.

Customers logging into the website will see detailed maps showing where the solar systems have been installed, the number of households and people that have benefited as well as the extra hours of light and CO2 emissions reduced.

Global Leaders in Real Estate Summit: East Funding Options selected for Tech Nation’s first fintech programme

Related Posts

CLOSED Out of business shop sign vector illustration

Industry News, News, Top 3, Uncategorized

SME lender warns many companies will not survive

London, UK - Downing street offices, entrance gate

Industry News, News, Top 3

Government responds to P2P fraud query

money UK

Industry News, News, Property, Top 3

The alternative lenders accredited for CBILS

Popular posts:

  • MP queries level of fraud in P2P lending
  • Aave launches higher risk, higher return option for…
  • Some firms set to pay more than maximum CBILS interest rate
  • Growth Street to return 100pc of investor funds
  • A year in the life of the 36H Group
  • Investors urged to look at ISA options ahead of…
Back To Top
  • Home
  • Contact
  • About
  • Team
  • Advertising
  • Subscribe
  • Privacy
  • T&Cs
  • Disclaimer

Follow Us on Social Media

© Peer2Peer Finance News 2020
• Additional design by