Projects

FADS Lighting

100,0% €62.550,00 of €62.550
100% Funded
5 yr

term

4%

a year

4 mth

grace period

B-

rating

sustainable_energy

Sustainable energy

4. Quality Education

SDG 4. Quality Education

7. Affordable and Clean Energy

SDG 7. Affordable and Clean Energy

10. Reduced Inequalities

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.

100% Funded
5 yr

term

4%

a year

4 mth

grace period

B-

rating

sustainable_energy

Sustainable energy

4. Quality Education

SDG 4. Quality Education

7. Affordable and Clean Energy

SDG 7. Affordable and Clean Energy

10. Reduced Inequalities

SDG 10. Reduced Inequalities

LED lighting systems for four kindergartens and a nursing home

100,0% €62.550,00 of €62.550

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.

Fundação Algarvia de Desenvolvimento Social (FADS)

Active since
1996
Operating in
Algarve
Industry
Charity
GoParity Loans
1
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.

Track Record

Promoter Rating: B-

Guarantees

This loan is secured with the pledge of the equipment.

Fundação Algarvia de Desenvolvimento Social (FADS)

Active since
1996
Operating in
Algarve
Industry
Charity
GoParity Loans
1
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.

Track Record

Promoter Rating: B-

Guarantees

This loan is secured with the pledge of the equipment.

Updates

Payments Status: On time

2020-01-07

Open for investment

2020-02-07

Campaign extension

Already 97% funded, the campaign was extended for one more week

Updates

Payments Status: On time

2020-01-07

Open for investment

2020-02-07

Campaign extension

Already 97% funded, the campaign was extended for one more week