A report published online by AlliedCrowds has shown that these countries raised $ 37.4 m via crowdfunding platforms last month . The report stated that : “ While equity crowdfunding currently makes up a relatively small portion of crowdfunding activity in the developing world , it may soon begin to gain on the more established models ( donations and grants ) … These enterprises lack access to finance, as banks are not used to these kinds of entrepreneurs. ” Peter Heijen of peer - to - peer ( P2P ) lending platform , Lendahand , remarked that equity may help fill the financing gap in these countries : “ SMEs are well positioned to create a social economic benefit , to create jobs . These enterprises lack capital to finance , as banks are not used to these kinds of entrepreneurs . This is a gap , and we decided to use crowdfunding to fund them . ”
A report published online by AlliedCrowds has shown that these countries raised $ 37.4 m via crowdfunding platforms last month . The report stated that : “ While equity crowdfunding currently makes up a relatively small portion of crowdfunding activity in the developing world , it may soon begin to gain on the more established models ( donations and grants ) … ” Peter Heijen of peer - to - peer ( P2P ) lending platform , Lendahand , remarked that equity may help fill the financing gap in these countries : “ SMEs are well positioned to create a social economic benefit , to create jobs . These enterprises lack capital to finance , as banks are not used to these kinds of entrepreneurs . This is a gap , and we decided to use crowdfunding to fund them . ”