What is 234crowdfunding?
234crowdfunding is a Nigeria-based humanitarian social networking site. It enables users to raise money for social causes and contribute to the social and economic development of Nigeria.
Are there any restrictions to the type of causes I can raise money for?
Our policy strictly prohibits raising money for malicious activities or to for criminal purposes. Apart from that, you can raise money to help renovate a school, purchase or rebuild hospital facilities, clean the environment, provide shelter for the needy, and other humanitarian and social causes.
Who is/are the founder(s) of 234crowdfunding?
234crowdfunding was established by 234Scorecard Limited – a private media company registered in Nigeria.
What is a political campaign?
Political campaign in the lingo of this platform is a fundraising campaign by a duly accredited candidate of a registered political party in Nigeria who is running for office at any level of government.
How long can a fundraising campaign last?
Each fundraising campaign has a target and is for a specific need. The campaign ends when that target is reached in terms of the amount raised or when it is time to address the stated need for the campaign. Users also reserve the right to arbitrarily stop their campaigns.
What do I need to start a campaign?
All you need to start is a is duly verified profile and email address, telephone number, a bank account, and detailed information on the purpose of the campaign. You will also be required to use pictures to support the authenticity of the campaign, including your location.
Is there a limit to the amount of money I can donate to a campaign?
You are not restricted to the amount you can contribute to a campaign. You can determine the amount to donate, which can be as little as N500.
How do I know how much I have raised?
Our platform is very transparent. Each user has round-the-clock access to the amount of money that has been raised for their campaign.
When can I get access to the money that has been raised for my campaign?
You can have access to the amount of money that has been raised for your campaign either at the end of the duration of the campaign or you can make a request for the funds at any time during the campaign and it will be transferred to your account.
Can I set up more than one campaign at a time?
No. Each campaign that is attached to a user profile must conclude before such a user can start another campaign.
Can I update or stop a campaign after creating one?
Yes. Each user can login at any time with their credentials and monitor activities on their campaign and also update their profile with additional content.
Does 234Crowdfunding charge a fee for funds raised?
234crowdfunding receives a transaction fee of 0% for humanitarian campaigns and 4% for political campaigns. However, for both campaign types, there is a mandatory 1.5% + N100 charged by the payment gateway company (Paystack) per fund raised, capped at N2000.00.
How is 234crowdfunding funded?
The platform is supported through partner and donor funding.