Crowdfunded senior loan · Climate tech
Candi Solar raises €125,000 for an Indian rooftop solar project
The senior loan was fully funded by 267 investors through Lendahand.
Candi Solar completed a €125,000 senior loan through Lendahand on June 12, 2019. The project attracted 267 investors and reached its funding target in 14 days.
The proceeds were intended to finance a 0.25 MWp rooftop solar installation for a small or medium-sized business in India. Candi’s model lets customers lower electricity costs through a fully financed system, with the business eventually taking ownership of the installation.
Use of funds
Install a 0.25 MWp rooftop solar system for a business customer in India