
Our shortcomings
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.
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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