Crowdlending with a purpose
By Downwindz
@Downwindz (2537)
Netherlands
August 16, 2020 9:52am CST
As an investor, I know it is beneficial to diversify my portfolio. For a good diversification, I have chosen to add some crowdlending activities.
The concept of crowdlending is that us regular people, can lend out our money to either companies or other individuals, who then over time pay back their loan including interest.
Currently I am participating in a crowdlending platform, who helps finance investments in solar energy to bring clean energy to emerging markets. I like the thought that I can help make a better world, while my investment yields me interest.
Have you ever heard of crowdlending? And do or would you invest in crowdlending?
7 people like this
7 responses
@snowy22315 (181942)
• United States
26 Aug 20
I have heard of things like that. It can be a good way to make some cash yourself I have heard. Have you tried it?
1 person likes this
@snowy22315 (181942)
• United States
26 Aug 20
@Downwindz That is probably the only way to do it.
1 person likes this
@Downwindz (2537)
• Netherlands
27 Aug 20
@snowy22315 it is the only way to do it with success. Right now it yields my investment there with close to 7%
@Downwindz (2537)
• Netherlands
26 Aug 20
Yes, I currently have a minor amount of my investment portfolio invested in Crowdlending. I do conduct a thorough background research before just picking a platform.
1 person likes this
@Downwindz (2537)
• Netherlands
16 Aug 20
Yes, I am investing small amounts in several companies who has projects in emerging markets. The website has had projects in a range of African countries, but also in India, Pakistan, Myanmar and Guatemala.
1 person likes this
@Downwindz (2537)
• Netherlands
17 Aug 20
@Sojourn there are crowdlending sites that allows you to lend out to individuals through other lending companies. Outside of the crowdlending sites, I've only lend out to individuals which are amongst my friends.
1 person likes this
@Sojourn (13837)
• India
17 Aug 20
@Downwindz So have you lended any individual?
1 person likes this
@Downwindz (2537)
• Netherlands
25 Aug 20
I like the concept for sure, and when I want to invest a portion of my money, why not place a partial in such multiple rewarding investments?
1 person likes this
@Downwindz (2537)
• Netherlands
17 Aug 20
For now it seems safe, they have been running several years - so it is not a start up investment. That said, with all investments comes a risk.
@jvicentevalera (13671)
• Santiago, Chile
16 Aug 20
I haven't heard of it, however it sounds like a good way to widens one's incomes!
1 person likes this
@Downwindz (2537)
• Netherlands
17 Aug 20
It is certainly a good option to diversify ones investment portfolio, I would personally never rely 100% on my crowdlending investments - as thse only contain maybe at most 10% of my invested funds.
1 person likes this
@jvicentevalera (13671)
• Santiago, Chile
17 Aug 20
@Downwindz it is a wise move! Sometimes business can go right or wrong, so spenind a modest quantity of money is good enough! Good luck with that! I hope it pays off!
@Butterfingers (66583)
• India
16 Aug 20
Nope. Is it safe? I haven't heard about any such schemes in India
1 person likes this
@Downwindz (2537)
• Netherlands
16 Aug 20
My background research says it is reasonably safe, and they have a lot of good feedbacks and reviews, also from official sources and not just "money making blogs". That said, one should always keep in mind that there is a risk of investing money.
1 person likes this
@Downwindz (2537)
• Netherlands
16 Aug 20
I will be happy to share it with you. I love how my smaller investments can help make a difference.
