How crowdfunding will evolve over the next decade

How crowdfunding will evolve over the next decade

As traditional donor budgets continue to dwindle, the search for innovative financing solutions is on, and crowdfunding seems to be on everyone’s mind.

While the tool “is no silver bullet,” NGOs and social enterprises are increasingly looking to crowdfunding platforms to help connect efficiently to aid agencies, foundations and other people that are willing to help and invest in their ideas, Kiva President Premal Shah told Devex’s Kelli Rogers in this video interview on the sidelines of the Clinton Global Initiative’s annual meeting in New York.

In the next decade, he explained, expanded access to mobile technology will enable crowdfunding to become a much more common way of doing good.

Click on the clip above to learn more insights from Shah on what to expect in the near future from Kiva as the organization evolves from its traditional model of relying exclusively on online microfinance to broader “social lending for social good” through other tools.

Check out more coverage of New York #GlobalDev week. Watch more development aid videos online, and subscribe to The Development Newswire to receive top international development headlines from the world’s leading donors, news sources and opinion leaders — emailed to you FREE every business day.

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    Carlos Santamaria

    As associate editor for breaking news, Carlos Santamaria supervises Devex's Manila-based news team and the creation of our daily newsletter. Carlos joined Devex after a decade working for international wire services Reuters, AP, Xinhua, EFE and Philippine social news network Rappler in Madrid, Beijing, Manila, New York and Bangkok. During that time, he also covered natural disasters on the ground in Myanmar and Japan.