Funding and Microfinance

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Difference between Funding and Microfinance

Funding vs. Microfinance

Funding is the act of providing financial resources, usually in the form of money, or other values such as effort or time, to finance a need, program, and project, usually by an organization or company. Microfinance initially had a limited definition - the provision of microloans to poor entrepreneurs and small businesses lacking access to banking and related services.

Crowdfunding

Crowdfunding is the practice of funding a project or venture by raising small amounts of money from a large number of people, typically via the Internet.

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Entrepreneurship

Entrepreneurship is the process of designing, launching and running a new business, which is often initially a small business.

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Grant (money)

Grants are non-repayable funds or products disbursed or gifted by one party (grant makers), often a government department, corporation, foundation or trust, to a recipient, often (but not always) a nonprofit entity, educational institution, business or an individual.

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Money

Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context.

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Peer-to-peer lending

According to some finance regulators, while a legal definition of Peer-to-Peer P2P Lending is not yet in existence, the World Intellectual Property Organization (WIPO), the United States Patent and Trademark Office (USPTO) the Canadian Intellectual Property Office (CIPO) and the United States Government Accountability Office (GAO) acknowledge that Peer-to-Peer (P2P) Lending (synonymous with the term Person-to-Person Lending, "Private Lending", "Cryptolending"), also known as P2P Lending is the "practice of lending/investing or borrowing money from one private individual (or person) to another private individual (or person).

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Subsidy

A subsidy is a form of financial aid or support extended to an economic sector (or institution, business, or individual) generally with the aim of promoting economic and social policy.

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Wealth

Wealth is the abundance of valuable resources or valuable material possessions.

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