Solar crowdfunding platform Ecoligo recently announced a new guarantee fund that will safeguard investors against potential COVID-19 impact. The fund will notably be initially funded with €50,000 from Ecoligo, which will cover payments that are upcoming in the next months.
Ecoligo also revealed the guarantee fund aims to ensure that payments to crowd investors will happen on time, regardless of the global economic situation and whether we would face delayed lease payments by some of our clients or not. The guarantee fund shall still stay in place beyond the current COVID-19 pandemic. As of March 31st, there are 837,115 Coronavirus cases, with 41,249 deaths and 176,058 recovered.
“By putting this guarantee in place, we are signifying our commitment to that goal and to our continued efforts to save the planet. The earth is the only planet we have; we must protect it as we protect ourselves and our loved ones.”
Founded in 2016, Ecoligo provides a fully financed solar-as-a-service solution for businesses in emerging markets. The platform further explained:
“With a complete digital platform for financing and delivering solar projects, ecoligo removes the barriers that prevent such projects from being realised. Supplying these businesses with affordable electricity enables them to grow and boost the local economy.”