Energy 4 Impact launched their final paper in a series of five reports from its Crowd Power programme on energy access related crowdfunding and peer-to-peer (P2P) lending in Sub-Saharan Africa and Asia.
Entitled, Powering the Crowd into the Future: Key Learnings and Recommendations, the report provides a summary of knowledge gathered during the three-year UK aid-funded Crowd Power programme.
The report looks at the market growth since the programme began in 2015 and finds that energy access companies and non-profits raised $14 million in funding on donation, reward, debt and equity platforms in 2017. This represents a fourfold increase in the volume of funds raised by energy access campaigns from 2015.
The most significant growth has been in working capital debt raised by off-grid energy companies via lending platforms such as TRINE (Sweden), bettervest (Germany), Energise Africa (UK) and Lendahand (The Netherlands).
The volume of funds raised by energy access campaigns grew 4X from 2015 to 2017.
Read more on the report here.