The business experts at Forbes magazine have discovered CollectiveSun, and they’re impressed by what they’ve found. Discussing our past successes with TERI, Inc. – and our current plans to keep the ball rolling - this excellent article by Forbes contributor Anne Field explains how CollectiveSun is working with nonprofits and investors to provide clean, stable energy solutions and a brighter future for communities as a whole.
“Small nonprofits have a notoriously hard time financing solar power projects. Now CollectiveSun, a San Diego-based startup, has a plan for making it easier to find funding,” says Field. That plan hinges on a variation of the latest financing craze: crowdfunding. By presenting the opportunity for a large group of investors to participate, with investments ranging from $25 to over $10,000, CollectiveSun has crafted a unique way for all kinds of people to get involved with nonprofits in their communities.
“About half of the investment is paid back after the first year, since Barken expects many investors won’t be the usual suspects, but low-income people,” says Field. That’s the beauty of CollectiveSun, it provides a flexible investment structure that opens up these investment opportunities to all sorts of individuals – not just those with large amounts of disposable income.
CollectiveSun’s primary focus is on the community, and providing ways for all members of a community to get involved with their local nonprofits. Nonprofits are an important cornerstone of every community. By encouraging engagement and investment in nonprofits, CollectiveSun aims to keep these incredibly important building blocks of our communities strong and thriving for decades to come.