Proyecto Solidario
Worldcoo is a web platform which aims to raise capital through micro-donations for cooperationprojects. As well, it is a CSR management tool where companies co-finance specific projects with their end customers.
Each project has a funding target and a timeframe to achieve it. Once thetimeframe ends we can find two scenarios:
The project did NOT raise the needed capital. In this case, all crowd users will be refunded their contribution in Worldcoo credits in their profilepage. Then they will be able to submit it into any other project inside Worldcoo.
The project raised the 100% of the target. Then we send the money to the NGO to start it.
We ask for a minimumcontribution of 5€ then any other amount above is welcome. We have defined a minimum to avoid banking abuse in very small transactions.We will be paying NGO’s in batches. This means that the NGOwill receive the payments by steps. Once a partial objective is accomplished, we will proceed to pay the required money for the next objective. We will ask NGO’s to send pictures and/or videos todemonstrate the accomplished objectives. All this material will be published in the website. This will allow us to avoid fraud, and will allow you to see the evolution of the project and thefinal result.
The NGO is asked to fully develop the project with transparency, ethics and excellence.
The NGO is committed to share the project with all their users' network and thru theirwebsite ensuring the visibility of the project's progress.
The NGO will be sending documentation during the development to Worldcoo, so crowdfunders will be able to see their contribution come true.
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