Sharp Daily
No Result
View All Result
Sunday, June 1, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home Investments

Crowdfunding in Kenya, revolutionizing investment

Faith Ndunda by Faith Ndunda
February 4, 2025
in Investments, Money
Reading Time: 2 mins read

RELATEDPOSTS

No Content Available

Crowdfunding has emerged as a powerful tool in Kenya’s investment landscape, providing an innovative solution to funding challenges faced by entrepreneurs, small businesses, and community projects. By leveraging digital platforms, crowdfunding enables individuals to gather funds from a vast audience, bypassing traditional financial sources such as banks and venture capital. Crowdfunding involves raising funds for a business, project or cause by collecting numerous contributions from people, typically via online platforms.

One notable platform in Kenya is M-Changa, a homegrown crowdfunding platform that caters to diverse needs, from personal emergencies to business ventures. With the integration of mobile money systems like M-Pesa, Airtel Money, credit cards and T-Kash, M-Changa has democratized fundraising, allowing anyone with a mobile phone to contribute. For instance, small agribusinesses in rural Kenya have used the platform to raise funds for purchasing seeds, equipment, and fertilizers, ensuring sustained productivity.

Global platforms like GoFundMe have also gained popularity, especially for medical and educational fundraising. Its global reach allows contributions from people all over the world, which is ideal for causes that reasonate with the international audience.

PesaZetu is a crowdfunding program that offers micro loans for businesses, health and educational purposes. The platform offers peer to peer lending by sourcing its funding from individual lenders and uses MPESA for loan disbursements and repayment collections. PesaZetu also facilitates donations especially in social, community projects and supporting local businesses. It encourages transparency and accountability, with regular updates provided to donors on how their contributions are being used.

The expansion of crowdfunding in Kenya is driven by widespread mobile phone use and internet access. However, obstacles like low financial literacy, the risk of fraud and an underdeveloped regulatory environment persist. To tackle these challenges, the Kenyan government and entities such as the Capital Markets Authority (CMA) are working on developing legal frameworks to safeguard contributors and improve platform transparency.

Crowdfunding has transformed investment in Kenya by offering a platform where entrepreneurs and innovators can present their ideas to secure funding. This has fostered the growth of startups and SMEs, contributing to economic development and job creation. Additionally, crowdfunding has aided community-driven projects by giving them the opportunity to obtain the funds needed to tackle local challenges and enhance living standards.

Despite the obstacles, crowdfunding is transforming Kenya’s investment landscape. By offering an inclusive and transparent platform for raising capital, it is opening up opportunities, encouraging innovation, and stimulating economic growth. As awareness and trust in the system increase, crowdfunding is set to become a key component of Kenya’s financial sector.

Previous Post

Nigeria seeks resolution in Kenya Airways passenger dispute

Next Post

Architectural Association of Kenya raise alarm over state house renovation

Faith Ndunda

Faith Ndunda

Related Posts

Investments

Foreign influence in Kenya’s credit crisis

May 28, 2025
Investments

SACCO’s at the heart of rural financial inclusion in Kenya

May 22, 2025
Investments

Real yields vs. nominal yields on Kenya’s government bonds

May 21, 2025
Investments

Knight Frank: Kenya’s wealthy swap mansions for market moves

May 19, 2025
Investments

All you need to know about the Cytonn Money Market Fund

May 16, 2025
Investments

May Momentum: Planting seeds for financial growth with CMMF

May 15, 2025

LATEST STORIES

Best investments for Kenyan seniors: Secure, predictable & low-risk

May 30, 2025

Why June is the Secret Sweet Spot for Travel

May 30, 2025

Strategies to elevate more women to corporate leadership

May 30, 2025

Tap on Kenya’s 2025 tech revolution

May 30, 2025

How CURBS supports employers and employees

May 30, 2025

NSE deserves more attention from young investors

May 29, 2025

The silent strain of remote work on Kenya’s urban workforce

May 29, 2025

How Kenya’s crypto bill could reshape the digital economy

May 29, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024