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Top 5 Crowdfunding Platforms in Thailand

Thailand is one of the most digitally advanced among the Southeast Asian nations. 84% of the Thai population (Euromonitor 2021) are tech-savvy. They use technology to improve their day-to-day lives. It is no surprise that low-income Thailand families have resorted to online crowdfunding platforms at the onset of the COVID-19 pandemic.

The world has seen economic growth in Thailand in the last decades. But in 2020, the country experienced a high unemployment rate and more underemployed workers. More than 5 million Thai citizens are now under the poverty line. Crowdfunding platforms have been the go-to solutions of a chunk of the Thai population to raise funds for their day-to-day needs.

What is Crowdfunding?

Crowdfunding is the solicitation of money from a large number of people to raise funds. The most popular type of crowdfunding is the donation-based method. In this type, all funds collected go to the organizer with no returns expected.

Why Crowdfund in Thailand?

Thai people see crowdfunding to be easy, fast, and effective when raising money. They can reach out to family and friends and ask for donations remotely via their mobile phones. Donations are convenient for their supporters as well when everything is online.

Crowdfunding Platforms in Thailand

Thailand opened its market in 2016 to many crowdfunding platforms for its consumers. This strategy paved the way for some of the top fundraising platforms within the Thai community.

Airfunding

Airfunding is a donation-based crowdfunding platform. It is available in Thailand and other select countries around the world. More than 500,000 have trusted Airfunding to finance their daily living expenses or achieve their dreams. Registration is easy and free. You can start fundraising for your goal immediately. The fundraising campaign is open for donations from supporters all around the globe.

Weeboon

Started 2017, Weebon has grown within and beyond the borders of Thailand. There are successful Thai projects on this platform from receiving donations worldwide. But like every other crowdfunding platform, donations received via Weebon are subject to a 5% platform fee by the end of the campaign.

Socialgiver

Socialgiver is a reward-based crowdfunding platform registered in Thailand. Supporters get goods or other consumables in exchange for their donations. Donors are driven by how enticing your products are more than the cause of your campaign. It may be challenging for Thai project owners to join in if they don’t have any products to sell. Additionally, 70% only of the donations received are sent to the project owners.

GoGetFunding

GoGetFunding is known worldwide and has reached the shores of Thailand. It is available for any fundraising campaign – medical, emergency relief, etc. With its global support, it’s an obvious choice for not only the Thai community but for everyone around the world. Same as the others, GoGetFunding deducts a 6.9% fee on the donation fundraised by the project owners.

Tejai

Tejai is available within Thailand only. It limits the donation you expect to receive coming from a small community. The platform is best for campaigns managed by organized teams. It requires criteria to be met before creating a project. If you are 100% sure that your project will make it, this may be a platform for you. Otherwise, donations may be forfeited for transfer and will be donated to another organization after a certain period.

Ready to Crowdfund?

Get started on your campaign on Airfunding and help your community in Thailand.

✓ Free registration. Anyone at any time can create an account for free.

✓ Setting up is easy. All you need is your story and how much you want to raise for your campaign; then, you’re all set! Tips are available along the way to make it even easier for you.

✓ Receive funds worldwide anytime. Your project is open to receiving donations from around the world. Someone somewhere is awake when it is midnight in your timezone.

✓ Excellent customer service. The Airfunding team comprises individuals who have come together to help everyone in need. You can even find their friendly faces here.

Start with Airfunding today!

Medical Crowdfunding Guide: How to Raise Money for Medical Expenses

2020 and 2021 are two years of unpredictability and challenges – even more so in 2022. It is another year for the ongoing COVID-19 pandemic and other humanitarian crises. Even with the programs by international organizations such as the World Health Organization (WHO), many are still struggling to solve their health concerns and find the means to fund their medical spending.

Different Medical Expenses around the Globe

By the start of 2020, there are 40 infectious diseases already discovered. It gives more reasons for everyone to find the means to pay for medical bills. Medical bills are either for curing or prevention. Here’s a list of where people spend their money specific to their medical or health needs:

At-home medical spending. 86% of the US population takes vitamins or supplements daily. These vitamins average about $10 per pill. Multiply that by a year, you would need more than $3,000 to keep your health in shape.

Donations to medical frontliners or first responders. We have seen solidarity among communities during the pandemic. Some have raised funds for medical frontliners. Others have helped those in need of medical help related to COVID-19.

Surgery and other hospital bills. Staying in the hospital while getting the medical help you need is expensive. This is the top reason why people resort to raising money for their medical bills.

Ways to Raise Money for Medical Needs

You may have heard of creative ways to raise money for their medical expenses. Here are some of them:

Hosting a friendly neighborhood fundraiser. It can be a small lemonade stand, bake sale, garage sale. or offering commissioned services. You raise money thru sales while supporters get to enjoy the goods you have offered. It is an enjoyable activity; but, it is time- and energy-consuming for everyone involved.
Reaching out to family and friends. Sending an email or message to your friends is more intimate and personal. This gives you a chance to explain your situation and encourage them to support your cause. Yet, this is also time-consuming and limited to your current network.
Partnering with local organizations. We have heard of many corporate social responsibility programs from different companies. Soliciting donations from them is easy with not much to work on. Finding the right company to partner with may be challenging. They only work with social projects related to their own company goals.
Crowdfunding. This method has gained popularity in recent years. Crowdfunding is the solicitation of money from a large number of people to raise funds. The most popular type for raising money for medical-related campaigns is donation-based crowdfunding. In this type, all funds collected go to the organizer with no returns expected.

Why Raise Money for your Medical Bills through Crowdfunding?

Crowdfunding is easy, fast, and effective when raising money for your medical bills. You reach out to your family and friends and ask for donations from anywhere. With a click from your phone, you can focus more on your health and let crowdfunding raise money for you. Supporters will also be more inspired to donate when it’s that convenient!

Medical Crowdfunding in Airfunding

Airfunding is a donation-based crowdfunding platform. It is open to select emerging countries around the globe. More than 500,000 have trusted Airfunding to finance their medical expenses.

✓ Free registration. Anyone at any time can create an account for free.

✓ Setting up is easy. All you need is your story and how much you want to raise for your campaign; then, you’re all set! Tips are available along the way to make it even easier for you.

✓ Receive funds worldwide anytime. Your project is available on the platform for anyone around the world to donate to. Someone somewhere is awake when it is midnight in your timezone.

✓ Excellent customer service. The Airfunding team composes of individuals who have come together to help everyone in need. You can even find their friendly faces here.

Tips to Have a Successful Medical Crowdfunding

You’ve got to this point and now you’re ready to raise money to pay for your medical expenses. Lucky for you today, we have some great tips on having successful medical crowdfunding. These are from success stories within the Airfunding community.

Cover photo. Your cover photo should be relevant and of high quality. It is best to avoid generic images. Look for interesting images that grab the attention of your target supporters. Images are the first thing a prospective donor’s eyes see. If they don’t like them, they might not support your cause.
Visual story. Show off your story visually. The specifics of your medical expenses in an infographic or table format will be a story on its own. It also shows your supporters where their donations will go.
Eye-catching project title. Titles should be short, simple, and strong. Every word you use in your title needs to show the value of your campaign. Make your project title relevant and have its personality to stand out.
Call-to-action words. Include some call-to-action words such as “Donate” or “Support.” This will prompt donors to take action and give you the money you need for your medical bills.
Emotionally-appealing story. Donors support projects because they value and have a personal connection with the medical situation you are in. So, start typing that story to appeal to their emotions.
Medical details. Your project story should include as much detail as you can for donors to support your cause. Your story should be able to answer this question at the end – “Why donate?”
Sharing is the key. The closest people you have is your family and friends. So why not sit down with them and have a quick chat about your Airfunding medical project? Your connection with them is what will drive them to give.
Widen your network. Find a group of people or organizations who advocate for the same medical cause you have. They may be more than willing to help you out.
Be updated. Make sure to keep all your supporters in the loop. Provide more information and updates on your medical journey in a timely manner. Your supporters will be eager to donate more when they see these updates.

Get inspiration for your medical project by reading success stories from the Airfunding community here. There are more tips you can enjoy via the Airfunding blog. Start raising funds for your medical expenses today!

Start with Airfunding now!

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!

The Best 7 Crowdfunding Platforms

Crowdfunding is a good way to raise money.You can raise funds by using any of the crowdfunding platforms but you need to know the purpose for which the funds are needed before choosing a crowdfunding platform.

July 4, 2019 Osarugue Crowdfunding, Crowdfunding Platform, Crowdfunding Suggestions 760 comments

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