How P2P borrowers are helping to fight coronavirus
Crowd2Fund has highlighted how its borrowers are doing their bit to contribute to the fight against coronavirus.
A number of businesses funded through the peer-to-peer lender are now helping to combat the pandemic.
Power on Demand, which raised £40,000 through the platform in 2017 to expand its solar energy company, is looking to perform UK based tests for installation of titanium dioxide LEDs that kill the airborne and surface-based COVID-19.
Read more: Five reasons to be positive about the future of P2P
Read more: Assetz Capital investors vote overwhelmingly in favour of forbearance
Another borrower, Planks Clothing, raised £142,000 earlier this year on Crowd2Fund to increase its ski-wear stock and has now pivoted its South East Asian supply chain to sourcing personal protective equipment (PPE) to meet any additional demand the UK government has.
There is also work among borrowers to support the manufacture of more ventilators.
NDT Equipment Supplies, which raised £55,000 from P2P investors last year, is looking to manufacture precision parts for the ventilators using their machine-tooling and milling machines.
Architectural Wallsz, which raised £81,000 last year, is also using its experience of designing internal meeting rooms to develop prefrabricated medical isolation units.
It can create 500 units in 10 days.
All these efforts show P2P investors can earn a decent sum of interest while contributing to a safer and more healthy world.
Read more: Most P2P investors will continue to profit through the crisis