Can crowdfunding help finance the 'missing middle'?

In its last article, the Devex Impact reporter Adva Saldinger presents how crowdfunding, this innovation and powerful tool efficiently addresses the challenge of financing the missing middle in Africa.

Kiva, a US-based web platform helps raise large capital amounts at a very low cost to finance social business projects. For example, within 30 hours I&P has successfully raised a $ 15,000 loan to develop and implement a solar-powered engine to help deliver clean tap water in Mauritania.

David Munnich from I&P answers Adva’s questions on the opportunities and limits of this new financing instrument.

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