Updated July 08, 2017 – www.thebalance.com
What Is Donation-Based Crowdfunding?
Crowdfunding as the New Form of Charity
Microfinance: the Early Form of Crowdfunding
That’s because much of what we know about crowdfunding came from early forms of microfinance. Microfinance, built on much of the real-world experience of Nobel Prize winner, Muhammad Yunus. Yunus and the Grameen Bank found a successful way to battle poverty in the emerging world — not by giving charity but by charitable lending.