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.
Cite this paper
Attuel-Mendes, L. (2016). Crowdfunding and Crowdmicrofinance, an Evolution of Models for Entrepreneurship of the Poor. Open Access Library Journal, 3, e3251. doi: http://dx.doi.org/10.4236/oalib.1103251.
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