Crowdfunding and Crowdmicrofinance, an Evolution of Models for Entrepreneurship of the Poor - Open Access Library Journal

OALibJ > Vol.3 No.12, December 2016

Open Access Library Journal

Volume 3, Issue 12 (December 2016)

ISSN Print: 2333-9705 ISSN Online: 2333-9721

Google-based Impact Factor: 1.18 Citations

Crowdfunding and Crowdmicrofinance, an Evolution of Models for Entrepreneurship of the Poor ()

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DOI: 10.4236/oalib.1103251 1,831 Downloads 6,355 Views Citations

Author(s)

Laurence Attuel-Mendes

Affiliation(s)

Univ. Bourgogne Franche-Comté, Burgundy School of Business—CEREN, Dijon, France.

ABSTRACT

After the boom of microfinance, we witness boom of crowdfunding. Thus, it is interesting to study their interactions. Benefiting both of a rich historic heritage, these two notions, even though non-synonymous, aim at similar goals. Funding of the economy for the latter poverty alleviation and financial eradication for the former—in its welfarist definition—make it quite logical that these two notions meet to serve each other. Indeed, they stand to be a major lever for entrepreneurs, for whom fundraising has always been an issue. Microfinance has become a tool of democratisation of entrepreneurship funding, while crowdfunding potentially opens entrepreneurship funding to masses. Combining both crowdfunding and microfinance can lead to an acceleration of poverty eradication.

KEYWORDS

Microfinance, Crowdfunding, Entrepreneurship, Fundraising, Poverty Eradication

Share and Cite:

Attuel-Mendes, L. (2016) Crowdfunding and Crowdmicrofinance, an Evolution of Models for Entrepreneurship of the Poor. Open Access Library Journal, 3, 1-7. doi: 10.4236/oalib.1103251.

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