Emerging impact enterprises find it hard to access smaller amounts of affordable capital to support their development and growth as they work towards delivering more impact. Often, many of these enterprises have raised their start-up money from family, friends, and crowdfunders. Once they are up and running, they need more money to keep going and growing. Typically, they are forced to turn towards gaining more short term philanthropic support, or to sell equity too early.
Easy access to affordable debt capital is a recognized gap in funding options for them, which is sometimes called the ‘missing middle’. LendForGood provides our crowd lending marketplace to meet this gap.
By enabling the crowd to work together to supply capital through what we call impact loans, we are also helping the growing number of people around the world who want to easily, directly and actively use their own capital to create and support the delivery of impact through business.
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