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Crowdfunding refers to the practice of funding a project or venture by raising money from a large number of people who each contribute a relatively small amount, typically via the Internet. The objective for raising such funds could be NGO projects such as Health, Disaster Relief Campaign, NGO projects, or public interest causes. Small financial contributions from a number of persons cumulatively may fulfill the fund requirements of the Investee who otherwise lacked access to such funds. The Consultation Paper on Crowdfunding in India issued by RBI defines Crowdfunding as “Solicitation of funds from multiple investors through a web-based platform or social networking site for a specific project, NGO venture or social cause Crowdfunding is predicted to be one of the biggest financial changes in history. Commentators are of the opinion that it would revolutionize the way money is exchanged in India. If regulated appropriately, crowdfunding can provide an excellent funding alternative for early-stage startups and ventures.

What is Fundraising?

In its simplest form, fundraising is a preparation of giving monetary funds to overcome specific social, cultural, or economic obstacles individuals face in their daily lives.

So how does Crowdfunding work On Raah-e-Najaat?

Assume an individual is diagnosed with critical health issue. His medical problems and hospital bills begin to mount. He now requires ₹10 Lakh to cover his high-cost medical expenditures. Fortunately, his closest friend signed up on Raah-e-najaat's crowdfunding platform and finished the procedure of presenting legitimate documents required for verification. He set up a crowdfunding campaign in minutes to gather money for his friend's medical bills. This campaign may now be shared with all of his friends and family via WhatsApp, Instagram, Twitter, Facebook, and E-mail. Within minutes, contributions begin to flow in to help the injured friend's financial needs.

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Be a member of a team that focuses on empowering women and girls to effect long-term equitable change. To join the Raah-e-najaat team, write to us at contact us(at) Raah-e-najaat.com. We combat the underlying causes of poverty, establish secure and adaptable communities, and provide a life of dignity for all women and girls from the most disadvantaged and vulnerable areas.

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Raise donations from your network for a cause in which you believe. Begin your path of making a difference and affecting people by starting a free fundraiser now.