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RE: STEEM and SBD just helped a teacher and a farmer in Kenya to get solar electricity
Very cool @oleg326756.
Can you give me a short explanation how TRINE works in your experience?
Very cool @oleg326756.
Can you give me a short explanation how TRINE works in your experience?
Hey @buzz.lightyear,
Yes, sure. They find project developers operating in Africa who are in need of funding to realise their projects: sales of solar PV panels, solar lanterns, installation of solar micro-grid infrastructure and similar. TRINE mobilises private funding from crowdfunding investors (an investment can vary from €10 to €10,000) and lend to the project developers. The project developers implement the project, repay the loan to TRINE plus the premium (aka interest). TRINE splits the premium between themselves and the lenders, so everybody benefits. That is in the nutshell. TRINE has some good short videos explaining the whole model.