Item: Lendahand
Rating: 0.0
Author: Crowdinform

Lendahand is a social impact crowdfunding platform that connects individual investors with small and medium-sized enterprises (SMEs) and entrepreneurs in developing economies. The platform's mission is to promote sustainable growth and job creation while offering financial returns to investors.

Lendahand operates under the European Crowdfunding Service Provider (ECSP) license, ensuring compliance with EU regulations and providing a secure investment environment. The platform supports a variety of projects, including renewable energy initiatives, small business loans, and other socially impactful ventures.

Basic information

3147 projects funded

180000000.0 EUR funded amount

Licence/regulation: Lendahand licensed under European Crowdfunding Service Providers (ECSP) regulation

For Investors

Minium investement: 50 EUR

trending_down Default Rate: 0.37% of the investments are written off

Average Returns: Up to 8%

Functionality

Secondary market: Yes

Useful Information

Lendahand Service Description for Investors and Project Owners

Investors: Investors can start with a minimum investment of €10. The platform provides detailed information about each investment opportunity, including the country, maturity date, interest rate, and expected social impact. Investments are managed through Intersolve, an electronic payment provider regulated by the Dutch Central Bank, ensuring funds are separated from Lendahand's assets.
Project Owners: Entrepreneurs and SMEs in emerging markets receive loans to expand their businesses and create jobs. Lendahand ensures thorough vetting and monitoring of projects to maintain transparency and effectiveness. Projects are selected based on their potential social impact and financial viability.

Types of Investments Offered on Lendahand

Lendahand focuses on debt investments. The platform supports a diverse range of projects, such as:

Business Loans: Loans for SMEs to expand operations, innovate, and create jobs.
Renewable Energy Projects: Investments in sustainable energy solutions like solar and wind power.
Social Enterprises: Projects that aim to provide essential services and opportunities to underserved communities.

User Experience and Reviews Lendahand

Lendahand has a strong reputation among its users, with many praising the platform's transparency, ease of use, and social impact. The platform has an average rating of 8.9 out of 10 based on customer reviews, and 97% of investors would recommend it to others. Users appreciate the detailed information provided for each project, the variety of investment opportunities, and the ability to make a positive social impact while earning returns

Lendahand Platform Negative Publicity

Overall, Lendahand has received positive feedback for its transparency, impact, and user-friendly interface. However, some investors have noted lower financial returns compared to other investment options. Despite this, many investors appreciate the social impact and find it rewarding to contribute to the growth of emerging markets. Issues with website navigation and currency exchange rates have also been mentioned, but these are relatively minor concerns.