Taller De Vida
Estella needs EUR 6,400 to refurbish a house to be able to offer more psychological support to minority groups.
- Local partner investment
- 6 new jobs
- 24 people reached
Taller de Vida (literally translated workshop of life) is an organization that works directly with children, youth, families and communities that have been affected by political social violence in Colombia. The centre has been operating for twenty years already.
The centres focus is psychological development and psychosocial interventions. Next to this, they would like to build capacity to improve the respect of human rights of minorities in Colombia in the long run.
At this moment Taller de Vida has four development programs to achieve its goals:
1. Reinventando la vida (literally: reinventing life): Psychosocial care and social development support for families who have been forced to leave the area where theyve lived and grew up.
2. Proyecto bamboo (the bamboo project): Social integration of children who were kidnapped by armed groups.
3. Corazon de cebolla (literally: union heart): Projects to prevent children from being exposed to armed conflicts and violence.
4. Tejiendo red (weave techniques): The development of social organizations and or social enterprises. At this moment products such as wallets, diaries, picture frames and other small articles are being made. The products are being made from paper, dried seeds, small pieces of fabric and dried flowers. The products are sold in the 'Taller de Vida' webshop. At the same time this is an increasingly important source of income to finance the projects Taller de Vida is running.
Taller de Vida is well known in Colombia and has already achieved a lot in the past twenty years. However, they would like to accomplish more for the people they are working with. The loan will be used to set-up two new projects: to refurbish a new location (a house which they received as a donation) to expand the current activities of the centre and to procure tools and raw materials.
Lendahand and its local partner grant this loan to Taller de Vida payable in 24 months, to be able to make this ambition reality.
|Company name||Taller De Vida|
|CEO||Estella Duque Cuesta|
Impact of this project
- With this investment 6 jobs are created
- With this investment 24 people are reached
About the risks
What are the risks of investing money?
The risk level depends on the specific project. Local partners cover the risk of currency exchange rates and defaults on Local Partner investments. They do this by maintaining financial reserves for this purpose. Aside from that, there is an option to claim their equity if needed. While these measures are intended to minimize the risk to investors, our local partners face risks of their own that could affect their ability to secure your investment. These include - bankruptcy - currency exchange rates - fraud - operational risks - political and regulatory changes - natural disasters or epidemics.
With direct investments, risks of default are not covered. As the risks are higher, so are the interest rates.
There is also some operational risk at Lendahand. An example might be that Lendahand is unable to find shareholders to finance their activities. In such a case, Lendahand will handle outstanding investments at the best of its ability. At the same time, our ability to legally address non-payment from local partners becomes understandably difficult.
How does Lendahand minimize the risks?
Every local partner must share our social mission to ensure local entrepreneurs can access affordable financing, allowing them to grow their business. Local partners must also have a 'track record'; they must have proven themselves as a reliable credit provider for SMEs.
For instance, this means a solid credit portfolio and enough buffers and equity to compensate for unexpected downturns. We also check the organizational structure of the portfolio company and how robust their (internal) procedures are. Finally, the investments must be in proportion to the total balance of that portfolio company. A healthy balance between effectuating influence and being independent is crucial. If you would like to receive more information on the financial indicators we employ, please contact us via firstname.lastname@example.org.
When currency exchange risks become too high for a local partner, Lendahand will urge the local partner to cover these risks. In some scenarios, the local partner is contractually obliged to comply with these demands.
Lendahand always conducts due diligence when companies request funding. The results can be downloaded on the project detail page. However, this analysis is not investing advice.
Does Lendahand provide a guarantee?
Usually we don't. Local partners take care of the repayment, even if (some) entrepreneurs are unable to do so themselves. If the local partner is for some reason unable to repay then there is a chance of partial or full loss of your money. For this reason, Lendahand only selects financially solid partners based on strict criteria.
For most direct investments, there is no guarantee. However, currency risks are covered.
Sometimes, and only for some direct investments in Africa, our partner Sida, part of the Swedish government, will guarantee a maximum of 50%. Read here more about guarantees with Sida. Projects with Sida guarantees are indicated explicitly on the project page.
Does Lendahand have a license or exemption?
Yes. The Dutch Authority Financial Markets (AFM) has provided Hands-on B.V. (with trade name 'Lendahand') in September 2016 with an investment firm license in accordance with article 2:96 of the Financial Markets Supervision Act (Wft). Placing orders on Lendahand's website is therefore an AFM regulated activity. Lendahand also meets its minimum capital requirements following its license as required by De Nederlandsche Bank (DNB).
Lendahand uses an exemption from an approved prospectus that is available up to EUR 5 Million per year.
How safe are my personal details?
We adhere to strict safety requirements concerning private and payment details. All sensitive data is sent through an encrypted connection (https). Also, information is stored (encrypted) in a secured facility provided by AWS: the world’s largest hosting service. A secured connection and multi-factor authentication can only retrieve customer documents.
What happens if the local currency devaluates?
Our local partners and companies bear the exchange rate risks. We settle the investments, redemptions, and interest payments in euro.
Does Lendahand use a third foundation fund?
What happens with my money if Lendahand goes bankrupt?
If Hands-On BV (containing the brand name Lendahand) went bankrupt, trades between Lendahand and payment service provider Intersolve EGI would cease immediately. Intersolve will then transfer the funds in your wallet to your bank account (Note: if at this time the project you have invested in has been fully funded and the money has thus been transferred to the local partner, these funds will not be transferred back to your bank account). Intersolve will then, in consultation with a trustee, handle all repayments between the investors and entrepreneurs until the final repayment of the last project has taken place.
Additionally, Lendahand is part of the investor compensation scheme (ICS). This scheme aims to compensate individuals and small businesses with trusted money and or financial instruments (such as notes or options) to a licensed bank, an investment firm, or a financial institution. In case the financial firm is unable to meet its obligations arising from claims related to the investment service (in other words, if Hands-On BV is not keeping track of the acquired notes by investors in the Wge depot correctly). The ICS guarantees an amount of up to €20.000 per individual. For more information, go to www.toezicht.dnb.nl/en/2/50-202210
Why is Intersolve EGI handling my money?
What happens when a local partner goes bankrupt?
About Eclof Colombia
|Equity / total assets||23.00%|
|Write-off ratio last 12 months||0.16%|
|% investment amount in arrears (>90 days)||0.75%|