SAIPAR

What is crowdfunding?

Crowdfunding is a way of raising funds from a large number of people, typically via an online platform. It allows businesses, startups, social causes, and innovative projects to access funding by engaging a community of investors or donors.

How does crowdfunding work?

Crowdfunding works by connecting entrepreneurs and organizations seeking funding with investors and donors through an online platform like CrowdVeste. Individuals can browse available projects and either invest in businesses for potential returns or donate to charitable causes.

Is crowdfunding legal in Zambia?

Yes, crowdfunding is regulated by the Securities and Exchange Commission (SEC) of Zambia. Platforms like CrowdVeste, powered by CorkVeste, adhere to these regulations to ensure transparency and security.

Who can participate in crowdfunding?

Entrepreneurs & Businesses – Raise capital for growth.
Investors – Invest in vetted startups and SMEs for potential returns.
Nonprofits & Charities – Raise funds for social causes.
Donors – Contribute to meaningful causes.

How does CrowdVeste ensure security and compliance?

We follow SEC regulations, conduct thorough vetting of all projects, and implement strict data security measures to protect users.

Is my personal and financial data safe?

Yes, we use encryption and secure payment processing to protect user data.

How do I report a fraudulent campaign?

If you suspect fraud, report it immediately through our Fraud Reporting System, and we will investigate and take action.

What rights do I have as an investor or donor?

Access to clear and transparent project details.
Secure transactions and data protection.
Refunds in specific cases of fraud or misrepresentation.
The right to due diligence before investing or donating.

How do I sign up?

Simply register on our platform by providing your details, selecting your role (Investor, Entrepreneur, Donor, or Charity), and verifying your account.

Can I use CrowdVeste if I am outside Zambia?

Yes, but eligibility may depend on local regulations in your country.

Where can I get more help?

Email our support team, or call our customer service hotline for assistance.

How can my business raise capital through crowdfunding?

You can create a fundraising campaign on CrowdVeste, set a funding goal, and share your business plan with potential investors. Investors can commit funds in exchange for equity, revenue sharing, or other agreed terms.

What types of businesses can raise capital on CrowdVeste?

We support startups, SMEs, and high-growth companies in sectors like fintech, real estate, agriculture, healthcare, and manufacturing.

What are the requirements to raise capital?

A registered business in Zambia.
A well-prepared business plan and financial projections.
Compliance with SEC regulations.
A compelling pitch that attracts investors.

How much money can I raise?

The amount you can raise depends on the nature of your business and regulatory guidelines. CrowdVeste provides different funding limits based on business type and industry.

How long does it take to receive funds?

Once your campaign reaches its funding goal and meets regulatory requirements, funds are disbursed within 14-30 days after campaign closure.

Are there fees involved in raising capital?

Yes, CrowdVeste charges a platform fee (a percentage of the funds raised) to cover operational costs. Additional costs may include legal, compliance, and transaction fees.

How do I invest in projects on CrowdVeste?

Browse vetted businesses and causes.
Review project details, business plans, and risk disclosures.
Select a project that aligns with your investment goals.
Commit funds and receive investment terms or rewards.

What types of investments can I make?

Equity Investments – Own shares in a startup or business.
Debt Investments – Lend money with expected returns through interest.
Revenue Sharing – Earn a portion of a business's profits over time.

What are the risks of investing in crowdfunding?

Investing in startups and small businesses carries risks, including business failure and loss of capital. Conduct due diligence before investing. CrowdVeste provides transparency but cannot guarantee returns.

Can I sell my shares after investing?

Your ability to sell shares depends on the terms set during the investment. Some investments may have lock-in periods before selling or transferring ownership.

Are my funds secure?

Yes, CrowdVeste ensures secure transactions and investor protection by adhering to SEC regulations and conducting due diligence on businesses before listing them.

What happens if a project does not reach its funding goal?

If a project does not meet its funding target, the funds may be refunded to investors or reallocated based on campaign terms.

Can charities and nonprofits raise funds on CrowdVeste?

Yes! Registered charities and social initiatives can create fundraising campaigns to support community projects, education, healthcare, and disaster relief efforts.

How do I launch a cause?

Register on CrowdVeste and create a campaign.
Share your mission, goals, and fundraising target.
Engage with donors and supporters.
Withdraw funds once your campaign is successful.

Are there any fees for launching a cause?

CrowdVeste charges a small processing fee on donations to cover transaction and operational costs. However, we strive to keep these fees minimal.

What guarantees do donors have?

All fundraising causes go through a verification process to ensure authenticity, but donors should review campaign details carefully before donating.

How can I donate to a cause?

Browse verified causes on our platform.
Select a cause that resonates with you.
Donate securely via mobile money, bank transfer, or card.
Receive updates on how your donation is making an impact.

Are donations tax-deductible?

This depends on Zambia's tax regulations. Some donations to registered charities may qualify for tax deductions. Consult with a tax advisor for guidance.

How do I know my donation is being used properly?

We provide transparency by requiring fundraisers to report on fund usage and provide updates on project progress.

Can I get a refund if I change my mind?

Donations are typically non-refundable unless fraud or misrepresentation is detected.

FAQ