Crowdfunding for a greener Ghana
In Ghana, small- and medium-size enterprises often have a hard time getting financing. This is especially true for businesses working with newer green technologies or climate projects. Banks and investors have difficulty properly evaluating what the businesses are trying to do and if they have a chance of success.
An initiative is specifically going after these startups. In 2020, it launched an online platform called frankly.green to connect potential investors with companies.
It is based on an idea it calls crowdinvesting or crowdfunding where investors pool small contributions to finance projects together. Some financial supporters want to do something good for the environment, others see a smart investment opportunity in a promising business idea. So far, investments in companies range from €100 to €25,000.
The initiative originally came from the Frankfurt School of Finance & Management and focuses on developing nations. In Ghana, among other projects, it is currently supporting an established solar panel business. Customers can lease them or opt for a lease-to-own option.
A video by Richard Ocloo and Jürgen Schneider
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Information
Language
English
Length
5,59 min
Date of publication
2022
Country
Ghana
Project
Crowdinvesting – an innovative blending instrument to facilitate climate investments
Global Ideas
