The Converging World (TCW), a UK registered charity raised a total of £188,415 via Buzzbnk as a series of two 5 year loans to complement traditional Bank funding.
In early May, following the second successful round of fundraising through the Buzzbnk platform, the purchase order was placed for two 750kW wind turbines, and very soon after, the ground was broken at the site in Tamil Nadu. By the time Wendy Stephenson (TCW CEO) and Denis Burn (Director) made a visit to the site in mid-May, they were very pleased to be able to see (and kick) the newly laid foundations.
Wendy and Denis also met some of the local community, including land owners, who greeted them with enthusiasm, inviting them into their homes, schools and workplaces. The local community had already been contacted by TCW’s Indian colleagues who had initiated conversations about the kind of organisation TCW is. They also explained that TCW would like to work with the community to identify how some of the revenue from the wind turbines can be used to support local social and environmental projects.
TCW are very pleased to report that the physical work on the wind turbines is now finished and they are now just finalising the signing off with the grid and other associated administration, and the wind turbines will start turning and earning by the end of August!
A great story of Green Energy powered by Crowdfunding for Social Good.
About The Converging World
The Converging World is a UK-based charity working to relieve poverty and distress and to promote sustainable development. All income is invested directly into renewable energy projects to create long term funding for vital health, education and environmental projects, which help to break the poverty cycle in the UK and around the world.