For an amortizing loan the borrower (solar company) is required to make equal periodic payments of the principal amount to allow the initial investment to reduce over time. As an investor, you get interest and principal repayments throughout the entire loan period.
Before signing a loan we do an analysis of the company to get an assessment of how likely they are to repay the loan. See our article on what the company rating means.
This is the place where you can find and manage all your investments. You will be able to find the loan contract, proof of payment and loan note certificate here. You can also see your transaction history, taxation details, current balance and upcoming repayments. From the Dashboard you can share your investment, invite friends and reinvest or withdraw money.
E-wallet / wallet
When you make your first investment a digital wallet will be created. This is where you make and receive payments related to investments. The wallet is an Escrow Account that is legally owned by you and separated from Trine's books. You can find transaction history and other things related to your wallet in the Transactions tab in your Dashboard.
Know Your Customer (KYC) is a regulatory and legal obligation for payment institutions to identify and verify the identity of their clients. When you open a bank account and make financial transactions in your everyday life, the institutions involved in the transactions have different ways of verifying who you are, often by asking for proof of identity such as a copy of your passport. Read more about the KYC process at Trine in this article.
This shows how large a share of the total loan that your investment represents. The price per loan note is €1. If you invest €100 you will buy 100 loan notes which corresponds with the amount of your investment.
Loan Note Instrument
This is the legal contract for investment at Trine. The Loan Note Instrument is established between you as an investor and the solar company (the borrower). It specifies the details of the loan, such as repayment schedule and interest rate. It’s available in your Dashboard as soon as the investment has been paid.
In an non-amortizing loan the borrower pays interest continuously throughout the loan period but the principal amount is paid off at the end. As an investor, you get recurring interest repayments but the full principal amount is will be repaid by the end of the loan period.
This is the time period that states how long the borrower has to fully repay the loan. It can also be referred to as a loan period. An investment will be repaid throughout the entire payback period in several installments.
This refers to the initial size of the loan to the borrower.
PEP stands for Politically Exposed Person and is a term within financial regulation that describes someone who’s been entrusted with a prominent public function (i.e. members of parliament, ministers, ambassadors). This definition excludes middle-ranking or more junior officials. When using a financial service such as Trine people that could be considered to fall within this category might be asked to go through a screening. This is to comply with regulations related to bribery and corruption.
The loans funded through Trine are targeting the off-grid market, meaning people, businesses, and communities that currently are located in more remote areas where traditional infrastructure may lack or be unreliable.