Role of Crowdfunding in Women's Empowerment

Posted On: 2023-01-10 15:42:46

Today, we live in a world that celebrates womanhood rather has just started womanhood, we celebrate international women’s day, and the long-ago sown seeds of progress toward gender equality have begun to bear fruit. In present times, many traits of women other than modesty, hardworking, and extreme tolerance are seen among them. Women nowadays are making their own space and taking their stand unleashing glamour, sophistication, aggressiveness, power, career-mindedness, independence, self-sufficiency and many more.

 

We see this scenario today because of the need for women's empowerment to be addressed, practised, and encouraged. Giving the ordinary woman the tools and skills to become independent is the goal of women's empowerment. Giving a woman the knowledge and skills she needs to become financially independent can strengthen her. Women empowerment organisations inform and educate women about their legal rights and protection in addition to offering education and training. Women's empowerment organisations are committed to helping women understand their worth and power. 

 

Groups supporting women's empowerment require funding to carry out the necessary activities, just like any other socially active organisation. We can rely on donations from wealthy philanthropists as a women's empowerment organisation, but the flow of money is erratic and may not match the requirements and schedules. To find a firm source of funding, crowdfunding can be used as a powerful tool to gather funds and support the necessary activities in order to encourage development. Crowdfunding is a practice of collecting funds from a large group of individuals and organisations for any social, charitable, and personal cause that needs funding. It began as a means for individuals to support a good cause. 

 

Role of Crowdfunding in Women’s Empowerment

 

 

 

Crowdfunding for education

Education is a big aspect of women's empowerment. So another type of crowdfunding accessible on crowdfunding platforms that can assist organisations working to empower women in raising money for the education of women is education crowdfunding. We see various projects today that enable anyone, including teachers, students, NGOs, and other socially conscious organisations, to raise money for the education of any vulnerable group or person in need of financial support. You can organise fundraisers to pay for any or all of your child's educational costs, including books, uniforms, stationery, transportation, and tuition. Among the vulnerable populations are minorities, women, and children. Supporting the higher education of young women can assure the success of their academic careers. Raising money won't be a problem if our cause has an impact on people. The noblest cause is education, and for those who are interested, crowdfunding is a fantastic choice.

 

 

 

Crowdfunding for Women Entrepreneurs

Through crowdfunding, many people can contribute modest sums of money to help enterprises. Despite being outnumbered, according to research from the National Women's Business Council, female entrepreneurs on a crowdfunding platform outperformed their male counterparts in terms of success, with women making up roughly 35% of all campaigns recently. Three of the four most popular crowdfunding model types allow business owners to retain equity in their small companies. Crowdfunding for equity demands a share of ownership in return for the investment.

 

Crowdfunding for NGOs and other organisations that support women

Many organisations that support women's empowerment are working to help women who are homeless, underprivileged, and vulnerable in this uncertain world stand on their own two feet and carve out a place for themselves in society. These activities and projects need firm funding support that crowdfunding can provide. This will provide them with the chance to start their journey toward empowerment, a path to develop the self-assurance, expertise, and knowledge required to realise their potential as agents of long-term change and support their aspirations.

 

Just like these causes, every genuine cause can be supported by crowdfunding. Filaantro is one such online crowdfunding platform that raises funds for every genuine cause that you truly believe in.  With the user-friendly interface, easy withdrawals, social media promotions and tax benefits, Filaantro makes the fundraising experience an easy and transparent journey. 

 

Visit us at filaantro.org to know more

 

Author: Anjali Patel