Democratic finance uses the ‘crowd’ (lots of smaller investors) instead of one or two large institutions to raise finance. This form of raising finance can be undertaken online via a Crowdfunding is where loans or donations are raised for a project or a business by asking for contributions from a large number people via an online platform. Also known as Peer2Peer lending, where the 'crowd' (general public) contributes via an online platform to a campaign request for money either in the form of loans/donations/rewards/pre-sales. platform or via the issuing of Community Bonds are a form of democratic finance. They are non-transferable and non-withdrawable debt instruments that are not listed on any market. They are an alternative to Community Shares. They are used by communities wishing to access capital from within a community but without increasing their share membership. Investors receive interest, but the interest is dependent upon the performance of the project or enterprise. This type of share capital can only be raised by co-ops and community benefit societies (BenComs). or Community Shares are a form of democratic finance. They are withdrawable non-transferable shares in community projects or enterprises serving a community purpose. The main attraction for community bond investors is the community return that the investment brings. The face value of the shares does not change. Investors receive interest, but the interest is dependent upon the performance of the project or enterprise. This type of capital can only be raised by co-ops and community benefit societies (BenComs). to specific groups of people.