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Italian crowdfunding site Ener2Crowd has just launched a new service called FidoGreen, which it says is the first "sustainable finance platform for sustainable investments," Quartz reports.
According to a press release, Ener2Crowd's goal is "to underline the profile of trust and collaboration that allows it to be established with alternative finance and with investors who care about the sustainability of our economy."
Companies can apply for funding on Ener2Crowd for projects that meet environmental, social, and health (ESG) criteria, and the amount of money that can be granted depends on the project's size, the duration of the relationship with investors, and how committed the company is to its ESG goals.
The interest that's offered on FidoGreen is linked to the interest that's offered on bank loans, Business Insider reports.
The interest that's offered on fixed-rate bank loans is linked to the interest that's offered on variable-rate bank loans.
The interest that's offered on fixed-rate bank loans is usually higher than the interest that's offered on variable-rate bank loans, Business Insider reports.
Ener2Crowd has more than 13,000 customers, Quartz reports.
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Social Entrepreneurship
Spotlight
Social Incubator North Offers 0% Loans to Social Entrepreneurs
The Social Incubator North, a £2 million incubator fund spearheaded by Sheffield-based Key Fund in collaboration with the four Northern Social Enterprise Partnerships and Locality, is providing 0% interest loans to North of England’s social entrepreneurs.