For the first time ever, a crowdfunded loan transaction was executed in local currency. This landmark transaction concerns a EUR 200,000 loan, denominated in Ghanaian cedi, from the Dutch crowdfunding platform Lendahand to the solar developer REDAVIA.

REDAVIA will use the loan to fund its operations in Ghana. The local-currency deal has been made possible by a partnership between Lendahand and TCX, with financial backing from KfW, on behalf of the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) and its International Climate Initiative (IKI).

Please read the attached press release for more information.