By A Cecile Watson
A Cecile Watson is the founder of pitchandchoose.com. She is a former senior regional banker, an international speaker, a certified financial education instructor and the Women’s Entrepreneurship Day Ambassador Regional Leader for the Caribbean. Find her on Linkedin, or contact her atcecile@befinanciallyempowered.com
Last week, I introduced the topic of the power of crowdfunding potential for the Caribbean. I explored the similarities of crowdfunding with our more familiar community self-funding models like the partner and meeting turn and sou sou, asu, box, sangue and box hand. This week I continue my account by sharing the crowdfunding models and how this alternative finance method works.
Crowdfunding models
There are four models of crowdfunding, and the names are self-explanatory: donations, rewards, equity and loans.
