Joyce works for Azuri in Kenya installing solar home systems and shows how money raised through the platform is not just supporting solar energy access for low-income families but is providing local jobs and opportunities. Photo by: Azuri Technologies

BARCELONA — Despite the influx of innovative financing models in recent years, there are still calls to find further ways to finance development efforts. Last year, a report by the European Commission high-level group on sustainable finance recommended enabling individual investors to support development opportunities as one potential solution.

After Kiva helped to pioneer this type of model, new platforms have emerged with a particular focus on solar energy. According to the European Commission, which supported a project of this kind in Europe, crowdfunding platforms for renewable energy have produced particularly impressive results

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About the author

  • Rebecca root%2520%25281%2529

    Rebecca Root

    Rebecca Root is a Reporter and Editorial Associate at Devex producing news stories, video, and podcasts as well as partnership content. She has a background in finance, travel, and global development journalism and has written for a variety of publications while living and working in New York, London, and Barcelona.