Micro-lending and Fund Raising

Microcredit is not a new idea, Muhammad Yunus has innovated on the principles of giving people a small loan for them to start their own small business since the mid 1970’s. But with the advent and success of movements such as Open Source, Creative Commons, and Social Networks people have formed a perfect storm conditions in the microfinance industry. Here is a short list of key microfinace websites that have a unique spin on helping individuals and organizations to raise the funds they need to achieve their goals.

  • Profounder – Raise capital for a business or startup while building a community.
  • Kickstarter – Used by creative types to raise money to fund art projects and new businesses.
  • Crowdrise – Celebrity backed charity fund raising platform.
  • Kiva – One of the first socially motivated micro-lending sites.