Micro Loans with Business Opportunities

There are several ways in which one can look at the micro loans process.  It can be viewed as a way to raise money for charity organizations, a type of idea funding or a combination of the two.  In some cases, crowdfunding can be combined with business opportunities such as the ones being offered by some online donation sites.

Opportunities for Entrepreneurs

Giving to charity is always rewarding from a social standpoint, giving one a sense of community or the opportunity to give back.  Some also utilize the tax deductions that come along with donating to non-profit organizations.  Whatever the reason, there are many charities that benefit from the crowdfunding process.

Some organizations give back to their donors in various ways through public acknowledgment, awards and prizes.  Auctioning off special events and experiences such as concert tickets and celebrity-related items is also a popular way to go.  The latest trend in charity donation is to bid for a chance at a business opportunity with a celebrity.  Many celebrity organizations are auctioning off internships at their companies as a way of raising funds for their charities.  This idea provides money for the charity while offering a business opportunity for the donor.

Some current examples include internships with fashion designers Diane Von Furstenburg, Rebecca Taylor and Patricia Fields or an internship at Jay-Z’s ROC National record label.  Other auctions include internships with H&M’s marketing department and an overseas internship in Hong Kong.

Those interested in participating in any opportunities involving micro loans can donate online.

Tags: charitable giving, Micro Loans, MicroGiving, philanthropy