Sunfunder Looks to Grow Solar Partners

Captiva Sunset SmallSunFunder, a crowdlending platform that connects investors with affordable solar technology projects in off-grid communities around the world is looking to add more solar partners in 2014.

To date the crowdfunding platform has  partnered with 8 solar companies that have operations in the Philippines, Zambia, Kenya, Uganda, and Tanzania.  These partners include:

  • Hybrid Social Solutions
  • SunnyMoney
  • Angaza Design
  • smallsolutions
  • Zamsolar
  • Fenix International
  • SolarNow
  • Global Cycle Solutions

SunFunderSunfunder is looking for  solar companies that are in need of debt financing for the business to scale.   SunFunder has a page on their site that outlines the selection process and the due diligence involved in accepting a new partner.  The platform currently is focusing on Africa but is interested in growing in other under-developed communities in Asia, Latin-America and the Caribbean.

SunFunder facilitated $376,000 in solar investments with a 100% repayment rate.  Investors currently do not receive interest payments but only repayment of principle but the company is working on making SunFunder an investment platform.

 

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