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Briefing
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- Crowdfunding Solar Projects in Africa – Swedish company, TRINE, started tapping community to fund solar firms in Africa, with current porfolio already reaching 10 renewable energy projects
- Growing Financing Trend – Crowdfunding, unlike microfinance institutions that give small loans to firms, allows many small lenders to support organizations by pooling their resources
- Companies Funded – Include solar-powered equipment manufacturer EcoZoom, pay-as-you-go solar energy provider Azuri East Africa, and two Africa-based microgrids
- Low Risk Investments – Firms who got crowdfunded make their repayments on time, lowering investment risks common in crowdfunding platforms
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Accelerator
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Market Disruption
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Sector
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Energy, Financial Services
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Organization
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Azuri Technologies Ltd., EcoZoom, Trinine Finance Ltd.
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Source
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Original Publication Date
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April 25, 2017
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