The Joint Venture
Lendahand-Ethex Ltd is a Joint Venture between Lendahand and Ethex - two organisations well regarded in the social investing space. Their combined resources to date include an investor base of over 13,500 investors and an track record of repeat investing which has resulted £70 million+ of investment for social enterprises, charities and businesses since 2013.
Energise Africa is a partnership project of Lendahand-Ethex Ltd, UK Aid, Virgin Unite and Energy 4 Impact.
Lendahand is a Dutch based crowdfunding platform focused on impact investing in emerging markets. Lendahand has experience in offering loan products to support businesses operating in emerging markets.
Ethex is a not-for-profit social enterprise that has a successful track record of marketing to and engaging with UK based retail investors who are interested in generating a social, environmental and financial impact. Ethex recently won a 2016 Social Investment Award, run in partnership with the UK Cabinet Office and NatWest.
Energise Africa is supported by UK aid with the objective to accelerate progress towards the achievement of the UN agreed Global Goal 7 – to ensure access to affordable, reliable, sustainable and modern energy for all by 2030.
UK aid is:
- Providing grant funding to support the development of Energise Africa to enable crowdfunding of enterprises bringing clean energy and generating employment in African countries.
- Providing match funding for some Energise Africa projects, effectively co-investing alongside UK-based investors, thereby enabling the public to steer the flow of a proportion of UK aid funding and boosting the overall impact on the ground.
Energise Africa is supported by Virgin Unite with the objective to accelerate progress towards the achievement of the UN agreed Global Goal 7 – to ensure access to affordable, reliable, sustainable and modern energy for all by 2030.
Virgin Unite is:
- Providing grant funding to support the development of the Energise Africa programme
- Providing match funding, alongside UK based retail investors, for selected Energise Africa projects
Energy 4 Impact
Energy 4 Impact is a UK non-profit with a business approach to tackling energy poverty. Energy 4 Impact supports the development of a broad range of small businesses and project companies in the energy economy so they can provide communities with access to energy at affordable prices. With an emphasis on mentoring and advisory services, Energy 4 Impact helps businesses access capital, technology and operational advice so they can become profitable and sustainable.
Energy 4 Impact has partnered with Energise Africa to manage UK Aid’s funding, introduce potential borrowers to the platform and provide them with advice, and monitor the initiative’s impact.