Lendahand

Lendahand is a unique crowdfunding platform that connects investors with entrepreneurs in emerging markets. The company aims to alleviate poverty by providing financial support to small businesses and individual entrepreneurs who lack access to traditional banking services. By doing so, Lendahand helps these entrepreneurs grow their businesses, create jobs, and improve their communities.

The platform primarily serves investors looking for both financial returns and social impact, as well as entrepreneurs in developing countries who need funding to expand their operations. Lendahand operates in various emerging markets, including countries like Kyrgyzstan, where local businesses often struggle to secure loans from conventional financial institutions.

Lendahand's business model revolves around crowdfunding. Investors can choose specific projects to fund, contributing as little or as much as they want. In return, they earn interest on their investments, which can be as high as 7%. The platform makes money by charging fees on the funds raised and taking a small percentage of the interest earned by investors. This model not only provides a return on investment but also ensures that the capital is used for meaningful, impactful projects.

For example, one of their projects involves providing a EUR 230,000 loan to Bailyk Finance, a women-owned company in Kyrgyzstan. This loan will help finance around 500 individual entrepreneurs and farmers in rural areas, promoting economic growth and stability in the region. However, investors should be aware of risks such as currency exchange fluctuations.

Lendahand has been recognized multiple times as the Crowdfunding Platform of the Year, reflecting its credibility and success in the market. The platform also emphasizes transparency and environmental impact, as seen in their projects related to solar home systems, which help reduce CO2 emissions.

In summary, Lendahand is a socially responsible investment platform that offers financial returns while supporting entrepreneurs in emerging markets.

Keywords: Crowdfunding, Emerging Markets, Social Impact, Entrepreneurs, Financial Returns, Loans, Investment, Poverty Alleviation, Sustainable Development, Transparency.