Crowdfunding Seen as an Economic Development Engine for Africa

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Crowdfunding Seen as an Economic Development Engine for Africa

credit: Nautical9 via Flickr

Crowdfunding is seen as a fuel for economic development for people in Africa to fund their business ventures and creative projects.

A bottom-up approach to funding, crowdfunding is especially beneficial to people in developing nations since the method is more sustainable; empowering communities and allowing individuals to contribute to their local economies and engine up economic development.

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Federal Programs Related to - International Economic Assistance

Programs that provide technical assistance and training, loans and loan guarantees and other forms of support to stimulate the economy, expand employment opportunities, encourage the establishment and growth of commerce and industry and otherwise enhance the economic development of countries outside the United States.

Federal Programs Related to - Philanthropy, Voluntarism & Grantmaking, General/Other

Private nonprofit organizations whose primary purpose is to promote the practice of charitable giving and volunteering or to represent and serve a wide range of philanthropic and charitable institutions.

AmeriCorps

Federal Programs Related to - Fundraising

Capital Campaigns; Fund Raising; Programs that solicit contributions, endowments and other financial support from public and private sources.

Fundraising Campaigns; Fundraising Events; Fundraising on the Internet; Online Fundraising; Telemarketing