crowdloans
Crowdloans, also known as community loans or peer-to-peer lending for a specific purpose, represent a crowdfunding model where individuals or groups contribute small amounts of money to fund a particular project or initiative. Unlike traditional lending institutions, crowdloans often bypass banks and allow borrowers to connect directly with a multitude of lenders. These loans can be used for a wide range of purposes, from personal needs like education or home improvements to business ventures or charitable causes.
The process typically involves a borrower creating a campaign on a crowdlending platform, outlining their project,
Crowdloans offer several potential benefits. For borrowers, they can provide access to capital that might be