Description
Buzzbnk is an online marketplace for social ventures in need of backers, supporters and cheerleaders. It allows users to view projects that are underway and others that have been funded. Each user can choose to either fund the project of interest or be fan.
Launch date
December, 2009
Location
United Kingdom, London
Editor's comments
Buzzbnk, the social venture crowd-funding platform, has today extended its fund-raising options by launching its first gift voucher functionality.
The gift vouchers and certificates offer another model to fund and support social enterprises, from £5 onwards.
Funders can now use gift certificates to support projects from ColaLife, an organisation pioneering medicine distribution in Africa using empty space in cola crates (
http://bit.ly/eUUg07), to ‘Save the Big Lemon’, a campaign to preserve Brighton based environmentally-friendly bus services, powered by 100% recycled cooking oil.(
http://bit.ly/gpqFLa)
Just choose 'Gift Certificate' to offer specific benefits or opt for 'Gift Voucher' to let your friends decide!
Buzzbnk also supports the raising of loans for social enterprises and is not a pure donation site but a combination of donation and lending/social investment.
For project owners, we are the only crowd funding platform to offer to its ventures all of the following:
1) A mix of funding types from donation, pre-sales and loans while combining this with your goodies and perks that you offer backers. Plus, you can set several milestones in your fund-raising journey.
2) A variety of loan structures and admin management of all loan re-payments back to your lenders - we offer revenue participation, fixed interest and principle only loans.
plus ...
3) If you are a UK registered charity or sponsored by one, your backer can claim UK Gift Aid if they are a UK tax payer, giving an extra 25% on that portion of their backing which is eligible for UK Gift Aid.
4) Gift Certificates - so your cheerleaders and fans can buy a gift certificate of a benefit in your project and give to family and friends;
5) Benefit Delivery Management – Buzzbnk is more than just an e-commerce platform. You will receive notifications about what benefits are due to whom and by when (each benefit can have its own individual delivery time), so you don't have to spend extra time administrating it all.
plus ...
6) Loan Management - the system automatically tracks and manages the parameters of all loan terms plus manages the distriubtion of loan re-payments back to the lenders (Backers).
7) We encourage Backers to user any credits in their accounts (from loan re-payments & returned funds) towards other projects on the site, encourging them to help more social ventures and projects.