Crowd-Empowered Microfinance

Abstract

Microfinance sprung up approximately 40 years ago, changing many lives. As a vital financing opportunity in developing countries, it set the path for other alternative mechanisms to follow. In recent years another promising model has emerged, providing additional alternatives to traditional banking and financing institutions. Combined with the ever-increasing spread of the internet, this innovative financing mechanism is on the verge of making an impressive positive impact. This chapter will review this promising financing mechanism, crowdfunding, and will attempt to outline its relationships and synergetic integration with microfinance. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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