Are you creating a Lendahand account and wondering why we ask for a copy of your identity card? We are happy to explain why this is necessary.
We are very proud of that we have been awarded again this year. SInce we first obtained our B Impact score we've tried to raise the impact bar for ourselves while creating an attractive financial product. Social impact and a healthy return go hand in hand.
One of the cool things about Lulalend is that they disburse loans through an automated online platform. By using algorithms, credit scores can be assigned and assessed rapidly. A potential borrower knows whether his loan has been approved in just a couple of hours. If so, the money is transferred and will be in the borrower’s account the same day.
Two captains of industries - and not coincidentally two B-Corps - are combining forces. Sistema.bio is a social enterprise that provides biogas digesters and appliances to rural farmers in several countries in Latin America, Kenya and India. Lendahand allows retail investors to sustain this initiative while earning a decent financial return. Together they will positively impact the lives of more than 4.500 people.
More than 1 billion people worldwide do not have access to energy. Most of them are in Africa. But something beautiful is developing. In the coming decades, more and more of these people will have access to energy. And it can be done in a way that will not damage our planet.
Like every fast-growing company, our ambitions have met with their own share of challenges. For the sake of transparency, we would like to share these challenges with you and likewise our thoughts on how we intend to address them.
At Lendahand, people can invest in local partners (banks and non-banking financial institutions) or directly in entrepreneurs. The returns on these investments now range between 2.5% and 8% per year. That’s quite a difference. But what price is being paid?
What do you do with your savings? Do you ever think about the return you receive on your savings? As we’ve mentioned before, saving yields very poor returns. Recently, banks lowered the savings interest rate to below 1%. Inflation is now higher than the savings rate, causing purchasing power to decrease annually. Savings may grow, but you can do less with them.
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