Challenges of Crowdfunding (Village Banking) in Zambia: Solutions and Opportunities
نویسندگان
چکیده
Crowdfunding is a new phenomenon that has piqued the curiosity of academics and practitioners alike, owing to its potential as source alternative finance. It considered mechanism with significant for expanding access finance entrepreneurs in developing economies. One such platform Zambia known “Village Banking”. Village banking been discovered be most profitable Zambia, outperforming even traditional risk-free platforms micro-financing. enabled business growth, idea realization, generally improved lives many participants. The risks associated village system, on other hand, have increasing. As popularity crowdfunding increased, so challenges opportunities. In this paper we employ systematic literature review defines crowdfunding, properties, discusses challenges, opportunities specifically Banking platform. addition, conducted survey determine main faced by participants Zambia. results identified following primary challenges; online infrastructure, trust, monitoring payments, tracking collections, approval payments. Based reviewed conducted, proposed use blockchain technology address some identified.
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ژورنال
عنوان ژورنال: Zambia ICT journal
سال: 2023
ISSN: ['2616-2156']
DOI: https://doi.org/10.33260/zictjournal.v7i1.131