Crowdfunding is a way to raise funds for a specific cause or project by asking a large number of people to donate money, usually in small amounts, and usually during a relatively short period of time, such as a few months.
Foundations typically fund nonprofit public charities, as defined in Section 501(c)(3) of the Internal Revenue Code. These are organizations whose purposes are charitable, educational, scientific, religious, literary, or cultural.
De acuerdo a ACCION International, una organización no gubernamental que ofrece microcréditos, las microfinanzas son "la provisión de servicios de la banca o financieros dirigidos a hogares o microempresas de bajos o medianos ingresos económicos, incluyendo la opción de microcréditos."
According to ACCION International, a leading nonprofit microcredit provider, microfinance is defined as "banking and/or financial services targeted to low-and-moderate income businesses or households, including the provision of credit".