Solar energy crowdfunding platform SunFunder estimates that as of the end of 2013 their efforts have aided over 100,000 individuals. Over the past 18 months Sun Funder has seen $363,000 contributed to their diverse projects. The average from each contributor stands at $244.
Sun Funder has created a crowdfunding site that allows investors to access high quality, vetted, solar businesses operating in Africa, Asia, Latin America and the Caribbean. Their impact investing site strives to improve economic, social and environmental situations for people in the developing world. Since solar companies in many companies lack access to capital, Sun Funder has developed a methodology to facilitate supporting solar projects. The company has partnered with 8 different companies to provide the services and benefits of using solar energy.
Sun Funder estimates that 1.3 billion people live with the benefit of electricity. Providing solar power is the only alternative for certain parts of the world.
The platform has a 100% re-payment history. Currently Sun Funder only provides principle repayment due to the complexities of working in numerous countries but they state they hope to bring an investment platform that generates return beyond the principle to investors soon.
