Projects

FADS Lighting

100% Confirmed Amount = € 62.550,00
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

Sustainable energy

4. Quality Education

SDG 4. Quality Education

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

monthly

instalment

B-

rating

sustainable_energy

Sustainable energy

4. Quality Education

SDG 4. Quality Education

10. Reduced Inequalities

SDG 10. Reduced Inequalities

LED lighting systems for four kindergartens and a nursing home

100% Confirmed Amount = € 62.550,00
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.

Fundação Algarvia de Desenvolvimento Social (FADS)

Active since
1996
Fiscal Country
Portugal
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.

Promoter Rating: B-

Guarantees

This loan is secured with the pledge of the equipment.

Fundação Algarvia de Desenvolvimento Social (FADS)

Active since
1996
Fiscal Country
Portugal
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.

Promoter Rating: B-

Guarantees

This loan is secured with the pledge of the equipment.

Payments Status: On time

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

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