GoGetFunding Pros & Cons: 5 Best Crowdfunding Sites for Phillippines

Several crowdfunding platforms are available online, making it difficult to decide which to use. In fact, according to Fundera’s 2021 report, there were 6,455,080 worldwide crowdfunding campaigns last year. All of these campaigns were published on different platforms with varying aims and audiences. GoGetFunding is one of the popular crowdfunding platforms in the Philippines.

GoGetFunding
GoGetFunding

Learn more about GoGetFunding and other crowdfunding sites which you can check that best suit your needs and aim.

There are always pros and cons to any crowdfunding platform. Take for example GoGetFunding. Listed below are some of its pros followed by some lacking features that you might probably find on other crowdfunding platforms.

Pros of GoGetFunding

Easy To Use Platform

The GoGetFunding platform makes it easy for people to fulfill their dreams and claims to help them start in just ten (10) minutes. By registering and connecting your PayPal or bank account to GoGetFunding, users will have instant access to GoGetFunding’s website, which makes fundraising for anyone who wants some help very easy!

Best for Entrepreneurs

If you have a business pitch or idea, GoGetFunding is the best platform for you especially since they have an assigned personal fundraising coach. Your vision will surely be turned into reality with the help of a coach. It is worth noting though that you can still use the platform for other types of fundraisers like medical, volunteering, relief operations, and many more.

Cons of GoGetFunding

Limited currency support

As of the moment, GoGetFunding only supports 23 currencies: U.S. Dollar, British Pound, Canadian Dollar, Euro, Japanese Yen, Australian Dollar, New Zealand Dollar, Swiss Franc, Hong Kong Dollar, Singapore Dollar, Swedish Krona, Danish Krone, Polish Zloty, Norwegian Krone, Hungarian Forint, Czech Koruna, Israeli New Shekel, Mexican Peso, Philippine Peso, New Taiwan Dollar, Thai Baht, and South African ZAR (conditions apply).

It can be quite challenging for other countries to support your cause if their currency is not supported.

Alternatives to GoGetFunding

Indiegogo

If you are finding another platform that is best for creatives and entrepreneurs, Indiegogo is your best bet. With Indiegogo, people may support entrepreneurs and new technology from the earliest stages of development. With every campaign, people may choose to contribute at a level they can afford.

Kickstarter

Similar to Indiegogo, Kickstarter is banking on creativity. It is a global crowdfunding platform based in Brooklyn with a mission to “help bring creative projects to life”. The odds are that 9 out of 10 campaigns that accomplish a 25% funding level at some point will actually hit or exceed their funding goal, regardless of official numbers. With these figures, Kickstarter is quite known for having meticulous standards for its campaign and successful campaigns must pay a fee back to Kickstarter.

Gava

Gava is a crowdfunding platform with over 21K total donors and 100 live campaigns since 2016. A noteworthy feature of Gava is that donations are transparent, secure, and traceable thanks to its integration with blockchain technology.

Blend.Ph

If you wish to raise a specific amount of money in a short amount of time, you may opt to apply for a loan at Blend.Ph. Blend.Ph is an online P2P platform for personal, franchise, salary, and other types of loans. The only downside for this is that you will have to think of returning the borrowed money after the launch of your project.

Airfunding

On top of these existing crowdfunding platforms, Airfunding can be your option since it caters to the Philippines as well. On top of this, it is not only limited to a specific niche. You may create a project for any cause – medical, disaster, personal, community, study abroad, animals, or even COVID-19 relief.

Furthermore, you can easily open a project. There are no fees to open a project in Airfunding. It only takes 5 mins to set your target amount and completion date, and then set an image and project title that best describes your situation. There are no hard to fill out and to fulfill requirements.

You may start your crowdfunding journey by creating your project here.

Photo by Andrea Piacquadio from Pexels

What to do if your family need financial help

With the tough times that we are in right now, many families are struggling financially. Prices of necessities spike up and many jobs were lost. There are even other families who fall into financial difficulties due to expensive medical bills. This can take a toll on both the mental and emotional health of your family members.

However, it is a given fact of life that people typically turn to their loved ones and family members for support during times of adversity. Sometimes there are instances that well-meaning family members who wish to provide financial help also find themselves needing help in the end.

Check out these options to help your family members in financial trouble without hurting yourself in the process.

1. Use government assistance programs

The COVID-19 pandemic pushed government assistance programs to full tilt as many people who never needed them before did so now. The available government assistance programs usually have parameters and requirements. You may extend financial help by doing the research for them in your local government unit or via the website of different departments in your country.

By doing this, you have indirectly led them to a source of financial help. You may further help them by assisting them in acquiring requirements. The only disadvantage to this is the possibility of disqualification since different programs cater to different needs and the delay to the financial help with the long queue and waiting lists.


2. Borrow from an acquaintance

Another way to extend financial help is by using your network. If you know some friends or acquaintances who can lend, then you can refer your family to them. Simply create terms with your acquaintance. Clarify the following details:

The amount of the loan: The amount of money that will be borrowed

Payment terms: Whether there will be an interest or not and how is it going to be calculated. Whether the loan will be a lump-sum payment or done on an installation basis.

Payment due dates: This should be agreed upon depending on the payment terms.

Recourse: Just in case, you fail to return the borrowed amount, the legal action or interest charges must be defined.

The downside to this is the pressure of paying off in an instant since you do not want to cause inconvenience to the lender.

3. Borrow from consumer finance

If ever that you don’t want to personally find someone to lend you money, you may also opt to borrow from consumer finance. Common consumer loans are home mortgages, auto loans, credit cards, personal loans, student loans, home equity, and HELOC loans. You may choose whatever is appropriate to your situation.

If you have assets, you also have the option to apply for a secured loan. As the loan is backed by assets, the risk you might possibly face is reduced. For example, in the event that you are unable to pay the borrowed money, the lender would be able to take possession of collateralized assets and liquidate them to repay the outstanding amount.

If you don’t have assets, there are still consumer finances that allow unsecured loans. However, there is a shorter repayment period for this type of loan which may cause stress to you and your family.

4. Crowdfunding

If you want to save yourself from the burden and hassle of repaying, you may also choose to create a project or open campaigns on crowdfunding platforms.

Airfunding is one of the crowdfunding platforms available online.No qualifications are needed and all you have to do is to create a project in just five minutes. Only set your target amount and completion date, and then set an image and project title that best describes your situation.

You won’t have to worry about platform fees because there are no fees to open a project in Airfunding. A testament to how easy it is to get financial help in Airfunding is Maricel’s project residing in Pulilan, Bulacan, Philippines. Maricel is in need of financial help for the surgery of her craniopagus twins. She was able to collect $1,456 (₱74,334.33) after creating a project in Airfunding.

If you want to create a crowdfunding project , start with Airfunding now!

Other articles:

Read also:

  1. Airfunding site
  2. How to choose a crowdfunding platform
  3. Tips on how to start fundraising
  4. The success story of Bianca who used Airfunding
  5. The success story of Thuy who used Airfunding

Airfunding – What is it in the first place?

Hello, everyone! Here’s an intern. It’s getting warmer and more comfortable🌞 How are you going?

In the article I posted the other day, I explained the contents of the Airfunding project. However, I think there are many questions about the content, such as “How does Airfunding crowdfunding work?”, “What is an NGO?” and “What can we do with support?” In order to resolve such questions, I will introduce Airfunding, overseas NGOs, and participating countries in the future.

This time, focus on Airfunding.

・ How Airfunding works

・ Background to the establishment of Airfunding

・ The world we want to realize

– Concrete ways we can support

I will focus on three points. You must read the parts that will come!

How Airfunding works

Airfunding is a charitable crowdfunding service.

About 70% of the people who start the project are from emerging countries, including Southeast Asia and Latin America. There are various projects, such as medical care, environmental protection, disaster support, education and study abroad support, and it is possible to start projects on an individual or group basis. Through Airfunding, it is easy to raise donations even if each person does not have high publicity.

Supporters can support projects they want to support by sharing them with SNS and donating money. When support is provided, the support money will be donated to the project owner who launched the project. Unlike other crowdfunding, Airfunding allows you to receive more than $100 during the course of your project.

Here is an example of a medical aid that was actually done in Airfunding.

Mr. Andrew, who lives in Taiwan, suffered from an incurable disease known as the Brachyotonic Syndrome and was being treated at the hospital. You need a heart transplant to improve your condition. Heart transplants cost a lot of money and it’s hard to get a lot of money right away. The father works to earn a living for his family, but it is all he can do to maintain the present situation. In addition, the mother had to support the boys, so she couldn’t work, and was very troubled in terms of funding. His mother asked for help with heart transplants through Airfunding.

His doctor was an influencer with 200,000 followers, so the project at Airfunding was spread to many people, and it was successful to raise $20,000 from more than 300 people, and about 2.36 million yen in Japanese yen.

About 80% of the projects on Airfunding are medical support projects like Andrew’s. In particular, there are many projects in emerging countries, and the social insurance system is unstable and it is not easy to go to a hospital-like Japan. It is also true that there is an economic gap with Japan. Therefore, donations from Japan to emerging countries will be worth 5 to 10 times more! Someone is saved today with support from people all over the world.

Airfunding and Its Background

Airfunding was born with a focus on the current state of things like “I don’t feel that I’m helping someone.” We spend our time at work and school every day, and we are able to spend our time every day like normal. I wonder if there are fewer opportunities and fewer opportunities for us to be useful to someone in our daily lives.

For people in emerging countries who have started projects at Airfunding, it is not “self-evident” to have work or go to school. It is also difficult for each person to live a minimum life.

We are happy with the way we are going, but there are people who need someone’s help and who do not. I wish I could see the moment someone is helping me with Airfunding… It’s encouraging to feel that.

Where Airfunding Wants to Be

The world we want to realize is a cross-border and cross-cultural exchange. In this Airfunding, the intercultural exchange can be done in the form of “support”. Communication is difficult if there are many differences in cultural values, languages, etc. However, Airfunding is compatible with 17 languages, so it’s relatively easy to interact because it isn’t face-to-face.

As a child, I had a vague dream of making friends all over the world. But that’s not easy. As I got older, I realized that it is difficult to make friends with people because of language barriers and cultural museums. However, as the Internet and SNS are spreading, various methods of exchange have been born. I think it would be nice if the share of small happiness that my support directly helps someone is spreading to the world. That’s why it might be good to use Airfunding as a means of exchange.

Finally,

          This time, we focused on Airfunding and introduced the details. How was it? It may have been difficult to get into crowdfunding, but I hope you will understand it a little bit.

Next time, we will focus on NGOs participating in the Airfunding Overseas NGO Support Program. So, everyone, please have a nice day today too.

Airfunding Overseas NGO Support Program Official Page
https://www.airfunding.net/programs/global-ngo-support

Airfunding Overseas NGO Support Program Official Twitter

https://www.airfunding.net/programs/global-ngo-support