Socrowd

Socrowd is a recognized cooperative society and social enterprise, established in 2004 within the framework of Fairfin vzw (formerly Netwerk Vlaanderen). In 2021, Fairfin transferred its shares to Netwerk Solidariteit vzw, which now serves as the primary shareholder, alongside other organizations and numerous individuals. (socrowd.be ) Socrowd offers an innovative financing model that sets up crowdfunding for organizations or projects with a positive impact on society. The amount raised from supporters is tripled by Socrowd and then disbursed as an interest-free loan for the social project. This approach not only provides financial support but also actively involves the community in the project's development. Once the loan is repaid, supporters can withdraw their contributions. (socrowd.be ) Socrowd's mission is to stimulate individuals and organizations to make fair investments with their money, supporting sustainable and social projects. By leveraging the power of community support, Socrowd aims to create a lasting positive impact on society. (socrowd.be ) Socrowd focuses on initiatives in sectors such as social economy, socio-cultural work, ecology and sustainability, welfare, education, and international cooperation. The organization distinguishes itself from other financial institutions through its cooperative structure and deliberate choice to support only organizations that create societal value. (socrowd.be ) The financing process involves submitting a project, placing it online, and seeking support from the organization's network. The amount raised is then tripled by Socrowd and provided as an interest-free loan. After the loan is repaid, supporters can sell their shares back to Socrowd. (socrowd.be ) Socrowd has successfully supported numerous projects, including Wijkgezondheidscentrum PETERBOS in Anderlecht, Schuman School of Music in Brussels, On Stage vzw in Deurne, and vzw AXI RiksjaRijden in Antwerp. These projects span various sectors, demonstrating Socrowd's commitment to fostering diverse initiatives that contribute positively to society. (socrowd.be ) By engaging supporters and providing sustainable financing, Socrowd ensures that projects continue to exist and progress. The organization guides projects to achieve a high success rate in loan repayment, emphasizing the importance of a solid earning or repayment model. (socrowd.be ) Investors in Socrowd view money not as an end but as a means to support sustainable, social projects. This ethical approach aligns with Socrowd's mission to create a positive societal impact through innovative financing solutions. (socrowd.be )