2016 was a record year for crowdfunding in the Netherlands, with € 170 million raised, up from last year’s previous record of € 126 million. While this is good news, several experts in the field are pointing at a need for more transparency. Both the Dutch Authority for Financial Markets and Crowdfunding agency Douw&Koren recently called out for more honesty & clarity. Peter Stolze, CMO at durability crowdfunding platform Lendahand and 2nd left in picture, agrees, and believes his company offers an alternative by providing this much-needed transparency.
Socially Engaged Platform
Lendahand is a socially engaged crowdfunding platform that enables investors to fund entrepreneurs in developing countries like Cambodia and India. By providing small loans to local entrepreneurs with proven track records, investors can help these developing businesses grow. The platform offers its investors interest rates of 3% to 6%. It emphasizes that all its investors have been paid back 100% and on time. Lendahand makes a big deal out of transparency with a big banner on the site, and Stolze wishes other platforms would follow suit.