We're excited to partner with Crowd Power to offer you a guarantee on your sustainable impact investment. Read more about the guarantee below.
The Crowd Power guarantee project offers Lendahand investors a 50% guarantee on their investment. This guarantee reduces the risk of investing in crowdfunding projects focused on sustainable energy.
How does the Crowd Power guarantee work?
If you invest in the Roam Electric Motorcycles 6 or 7 project, Crowd Power automatically protects 50% of your investment.
Practical example: If you invest €1.000, €500 of your investment will be protected in case Roam is unable to repay the loan.
When does the guarantee take effect?
The guarantee will automatically be activated if Roam's loan repayment is 90 days late from the expected repayment date. The guaranteed amount will then be transferred to your Lendahand wallet.
Lendahand will execute the guarantee. This means that , as for all projects, individual investors are not allowed to take action in the case of default.
Does the guarantee cover expected interest?
No, the guarantee only covers your invested nominal capital. If the borrower cannot repay the loan, the guarantee will be activated, meaning Crowd Power will cover the first 50% of your investment. Any future interest payments will be cancelled.
Does the guarantee apply to all my investments?
No, the guarantee only applies to the specific Roam Electric Motorcycles 6 and 7 projects.
When does the guarantee not apply?
The only scenario in which the guarantee cannot be honoured is if Lendahand ceases to operate due to bankruptcy, insolvency, or ceases to exist as a company. This scenario however does not affect your right of repayments, only on the guarantee.
Who is Crowd Power?
Crowd Power is a donor programme funded by the UK government’s Foreign and Commonwealth Development Office (FCDO). The programme aims at developing access to finance through crowdfunding for SMEs in the energy access sector in developing countries. In particular, Crowd Power tackles systemic and operational challenges commonly faced by crowdfunding in the energy access space. It seeks to accelerate the sustainable growth of the sector through targeted support for equity and debt crowdfunding platforms in energy access campaigns. Since 2015, Crowd Power has supported over 70 energy access companies to raise over $17 million through 14 crowdfunding platforms. Crowd Power has supported over 300 campaigns.