A Rotating Savings and Credit Association (ROSCA) for women (Photo credit: The Reboot)
Crowdfunding is a relatively new idea compared to other methods of securing capital (bank loans, personal savings, line of credit, venture capitalist, charitable donations). However, it’s actually been around for several years. Many of us have heard stories of people funding various initiatives online.
So what do you need to know about crowdfunding? Here’s a quick tutorial:
What is crowdfunding?
Individuals contribute their money, from as little as one dollar to thousands of dollars, to collectively fund various initiatives introduced by other individuals, organizations, or businesses. …read more
When Inocente took home an Oscar last weekend it wasn’t just a win for the filmmakers but for hundreds of micro-investors who helped the film come to life. The film was powered by Kickstarter, an online crowdfunding platform that is changing the way films, nonprofits, companies, everyone is getting the capital they need to reach their dreams.
Inocente is an inspiring story of a 15 year old homeless girl with a fearless determination to become an artist. It’s a brilliant example of a social change project that was able to be realized with a little help of a large online …read more