Crowd-Empowered Microfinance
Dan Marom
Chapter 7 in Microfinance in Developing Countries, 2013, pp 127-151 from Palgrave Macmillan
Abstract:
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.
Keywords: Active Investment; Venture Capital Fund; Traditional Banking; Hybrid Mechanism; Business Angel (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-30192-5_7
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DOI: 10.1057/9781137301925_7
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