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Projects
Our Progress
Get Funded
About us
Reserved Amount = € 0,00 € 62.550,00
100% Funded
5 yr
term
4%
a year
4 mth
grace period
monthly
instalment
B-
rating
Sustainable energy
SDG 4. Quality Education
SDG 10. Reduced Inequalities
LED lighting systems for four kindergartens and a nursing home
Impact
The estimated energy savings of 63% will avoid the emission of around 22 tonnes of CO2 per year, which has an equivalent environmental impact to planting 1000 trees.
Project Information
Algarve’s Social Development Foundation (FADS) aims to replace its facilities’ lighting systems for more efficient and sustainable LED ones which will also impact the environment comfort and light quality for their beneficiaries.
Four kindergartens – Creche Montenegro, Creche Olhão, Creche Faro and Jardim de Infância Faro – and a nursing home – Unidade de Cuidados Continuados de Estoi – will benefit from this project that will install a total of 14,57 kW capacity and allow these Charities to avoid around 63% of their current energy consumption, becoming more eco-friendly and financially sustainable.
Attached Documents
100% Funded
5 yr
term
4%
a year
4 mth
grace period
monthly
instalment
B-
rating
Sustainable energy
SDG 4. Quality Education
SDG 10. Reduced Inequalities
LED lighting systems for four kindergartens and a nursing home
Reserved Amount = € 0,00 € 62.550,00
Impact
The estimated energy savings of 63% will avoid the emission of around 22 tonnes of CO2 per year, which has an equivalent environmental impact to planting 1000 trees.
Project Information
Algarve’s Social Development Foundation (FADS) aims to replace its facilities’ lighting systems for more efficient and sustainable LED ones which will also impact the environment comfort and light quality for their beneficiaries.
Four kindergartens – Creche Montenegro, Creche Olhão, Creche Faro and Jardim de Infância Faro – and a nursing home – Unidade de Cuidados Continuados de Estoi – will benefit from this project that will install a total of 14,57 kW capacity and allow these Charities to avoid around 63% of their current energy consumption, becoming more eco-friendly and financially sustainable.
Attached Documents
Fundação Algarvia de Desenvolvimento Social (FADS)
About Fundação Algarvia de Desenvolvimento Social (FADS)
FADS, the Algarve Social Development Foundation, is a Charity dedicated to social and educational assistance to children and elderly and to the promotion of cultural and social development of its community. The Foundation is a reference of quality education in the Algarve region, under its kindergartens group brand “Os Vivaços”
The Business Model
FADS is a Non-Profit institution. With the savings generated by the project, nearly 60% of their current annual energy costs, FADS will have the liquidity needed to guarantee the payments of the loan and still save a part for their activities.
Promoter Rating: B-
Guarantees
This loan is secured with the pledge of the equipment.
Fundação Algarvia de Desenvolvimento Social (FADS)
About Fundação Algarvia de Desenvolvimento Social (FADS)
FADS, the Algarve Social Development Foundation, is a Charity dedicated to social and educational assistance to children and elderly and to the promotion of cultural and social development of its community. The Foundation is a reference of quality education in the Algarve region, under its kindergartens group brand “Os Vivaços”
The Business Model
FADS is a Non-Profit institution. With the savings generated by the project, nearly 60% of their current annual energy costs, FADS will have the liquidity needed to guarantee the payments of the loan and still save a part for their activities.
Promoter Rating: B-
Guarantees
This loan is secured with the pledge of the equipment.
Payments Status: On time
2021-01-01
Project Update
The promoter has confirmed that 100% of the investment received has been used.
2020-11-13
Project implemented and in operation
The promoter has confirmed that the LED system has been installed and that the project is operating.
2020-07-08
Loan terms were restructured
The recent COVID-19 outbreak led to a partial stop on the FADS operation, leading to cash flow difficulties. For this reason, the promoter requested the introduction of a 6 month grace period for the capital amortization and a 6 month project extension. All investors agreed and the loan restructuring was implemented.
2020-03-19
1st payment
2020-02-14
Campaign closed
2020-02-07
Campaign extension
Already 97% funded, the campaign was extended for one more week
2020-01-07
Open for investment
Payments Status: On time
2021-01-01
Project Update
The promoter has confirmed that 100% of the investment received has been used.
2020-11-13
Project implemented and in operation
The promoter has confirmed that the LED system has been installed and that the project is operating.
2020-07-08
Loan terms were restructured
The recent COVID-19 outbreak led to a partial stop on the FADS operation, leading to cash flow difficulties. For this reason, the promoter requested the introduction of a 6 month grace period for the capital amortization and a 6 month project extension. All investors agreed and the loan restructuring was implemented.
2020-03-19
1st payment
2020-02-14
Campaign closed
2020-02-07
Campaign extension
Already 97% funded, the campaign was extended for one more week
2020-01-07
Open for investment