Charities take a backseat to doing social good through microloans
Implications - It only takes a small amount of money from individuals part of a much larger collective to have a big impact on the world. The most appealing aspect to micro-lending to the public isn't just that it's low risk (the large majority of loans are paid back), but the more personal & communal aspect of micro-lending.
Trend Themes
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Microcredit From High Net Worth Individuals — High net worth individuals are starting to lend their assets to microfinance companies, providing a new source of capital and an ethical way to use their assets.
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Crowdfunding for Loans — Crowdfunding websites dedicated to loans are emerging and providing individuals with an alternative to traditional institutions while also creating opportunities for new funding sources.
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People-focused Finance — Financial institutions are emerging with a triple bottom line philosophy that focuses on investing in people, the environment, and the arts and culture.
Industry Implications
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Microfinance Industry — Microfinance companies can develop partnerships with high net worth individuals to provide an ethical source of capital or utilize crowdfunding platforms to access new sources of funding.
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Peer-to-peer Lending Industry — Crowdfunding websites offer new opportunities for individuals to obtain loans, disrupting traditional lending models and creating innovative funding sources.
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Socially Conscious Jewelry Industry — Jewelry companies can create socially conscious lines that have a dual purpose: benefiting disadvantaged communities and cultures while offering unique and aesthetically pleasing accessories.
6 Featured, 54 Examples:
180,137 Total Clicks
Date Range:
Apr 13 — Dec 14
Trending:
Average
Consumer Insight Topics:
