Posted On: 2022-10-18 17:01:01
In western countries, the concept of crowdfunding has been around for a while, but it is still relatively new in India. Crowdfunding is a strategy for encouraging more people to donate an amount of money, for a cause. Crowdfunding is a popular method in India for paying for expensive medical procedures and costs. It has been a popular method for startup founders to raise their initial finance. Despite its recent start in the country, crowdfunding today plays a sizable role in resolving financial problems.
Crowdfunding doesn't mandate the beneficiary to return the funds raised through crowdfunding. But one exceptional case recently gained a large number of people's attention.
An engineer working at a software company in India suddenly received a message that read a certain sum of money was credited to his account from a source he couldn't recognize. A while later he realized where the money must have come from. He had donated a certain sum of money to a fundraiser supporting a medical cause in 2021. A year later he was surprised to see that the beneficiary to whom he donated the money returned it.
It was a person named DK (as appeared on his social media) who donated money for DK's mother's medical treatment. 1.5 years later when the engineer received his money back from DK he enquired about his mother's health. DK said his mother was back in good health and it was all possible because of donations made by people like him. He thanked the engineer for his help and said that his business was functioning decently hence, DK decided to return the money to those who helped him during his miserable times. The engineer was surprised by DK’s honesty. (Information source: Economic Times)
Such incidents are reminders for everyone that despite all the negativity, challenges, and unfair practices around us today, humanity is still alive. There are people with kind hearts who want to help the ones in need.
Well, we can say this is the magic that crowdfunding does. It brings people together from different walks of life and beyond geographical borders. Here, a large number of people come together to help those in need. Upon the completion of the cause, the donors feel immense joy seeing that they were able to help in some way. For the beneficiary who had almost lost all hope to collect a huge amount of funds, crowdfunding revives the hope and does wonder.
The donors play an important role in crowdfunding, as without them the term 'Crowdfunding' would also be just 'funding,' or simply meaningless. Filaantro is an online crowdfunding platform that values its donors the most. We firmly believe that without them, success in fundraising can never be achieved.
Filaantro is a crowdfunding platform that raises funds for every genuine cause that one truly believes in. Medical emergencies, Quality Education for underprivileged children, and Food Relief for those fighting hunger every day are our primary focuses and the team works tirelessly to make sure that both the donors and the beneficiaries have hassle-free donating and fundraising experiences.
Visit: filaantro.org to know more about crowdfunding.
Author: Anjali Patel
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