Why Carma…. Here is the answer in the recent interview of Sandrine in Yabangee

C@rma scorecard

  • 59
    NGOs
  • 108
    Projects
  • 324
    volunteers
  • 1,539
    hour volunteered
  • 7
    Companies
  • 8
    CSOs featured

Thank you to wonderful friends

Get inspired

What is crowdsourcing?

C@rma is a member of the European Crowdfunding Network http://www.eurocrowd.org

(Excerpt from the study by Olivier Gajda and James Walton (July 2013): “review of crowdfunding for Development initiatives”; Evidence on Demand; Climate & Environment Infrastructure /Livelihoods - used with the permission of the Authors) 

 

Crowdsourcing is the practice of obtaining needed services, ideas, or content by soliciting contributions from a large group of people, and especially from an online community, rather than from traditional employees or suppliers. It combines the efforts of numerous self-identified volunteers or part-time workers, where each contributor of their own initiative adds a small portion to the greater result.
Crowdsourcing is distinguished from outsourcing in that the work comes from an undefined public rather than being commissioned from a specific, named group
.” (Wikipedia, December 2013)

C@rma is focusing on two kinds of crowdsourcing:

1. Volunteering:

Pooling of the time resources of individual to accomplish a project. Individuals do not receive any financial counterparty but are motivated by the desire to apply their skills in another context and/or to reach a social impact.

2. Crowdfunding:

Crowdfunding is the pooling of financial resources. Individual projects and businesses are financed with small contributions from a large number of individuals, allowing innovators, entrepreneurs and business owners to utilize their social networks to raise capital.

They are mainly 5 kinds of crowdfunding techniques:

  • Donation- based crowdfunding:

    The difference between donation-based crowdfunding and traditional fundraising is mainly that donations are collected and ear-marked for a dedicated project on the web. A donor is giving money without any reward or counterparty to an organization authorized to raise money online.
    Provided by C@rma

  • Reward - based Crowdfunding:

    The business model is used by project-owners who want to collect donations for a specific project and can give (often small) non-financial rewards in return. The rewards are of a symbolic value and provided by the investee. A reward should not be understood as a token of appreciation. It is increasing being used as a mean of pre-selling products and therefore generating revenues for the business.
    Provided by C@rma through aggregations of other platforms.
    C@rma does not verify the information provided by the partner platforms and cannot be held liable for any issues linked to using the platform to connect to the opportunities provided by these partners.

  • Social Lending crowdfunding:

    Social lending relates to interest free loans. The motivation from the lender side is very similar to donation-based crowdfunding- positive social return. This form of crowdfunding combines the collective interest in social change and the financial needs of the target group.
    Provided by C@rma through aggregations of other platforms.
    C@rma does not verify the information provided by the partner platforms and cannot be held liable for any issues linked to using the platform to connect to the opportunities provided by these partners.

  • Lending Crowdfunding:

    A company borrows money from a group of people instead of a bank. The role of the platforms can be diverse. Some of the platforms will act as middle*men and make the repayment to the lenders, whereas other platforms act only as match makers and the borrower and the lenders will be connected when the deal is closed. The main motivation for the funder is a (higher) financial return.
    Not provided by C@rma

  • Equity crowdfunding:

    Equity crowdfunding is when an entrepreneur or business wants to attract an investment from a group of people instead of from a business angel or another private investor. Equity crowdfunding is usually subject to capital markets and banking regulation and is therefore restricted in terms of funding size, geography and market possibilities.
    Not provided by C@rma