The contribution of the crowdfunding industry to promoting financial inclusion goals - Case study of Chriky and Kheyma platforms in Algeria- -مساهمة صناعة التمويل الجماعي في تعزيز أهداف الشمول المالي- دراسة حالة منصتي شريكي وخيمة في الجزائر

Abstract

The research aims to study the extent to which the crowdfunding contributes to promoting the goals of financial inclusion, with a case study of Chriky and Kheyma platforms in Algeria, using the descriptive analytical method. It was found that crowdfunding is a fast, low-cost and procedures-based method that contributes to promoting financial inclusion goals by facilitating access to funding, finding innovative models and accessing new asset classes and investments. The crowdfunding industry is considered an emerging industry in Algeria, despite that, Chriky platform contributes to promoting the goals of financial inclusion by financing a number of projects (170 projects) with varying amounts and different sectors in 34 states of the country. Kheyma platform also contributed to solidarity actions by collecting donations from the Algerian diaspora, helping poor families and acquiring the means to confront the epidemic.