FAQ (Frequently Asked Questions)
This FAQ is dedicated for questions related to Champions who want to submit a project. If you have queries on how to donate, click on FAQ under "Browse Ecoprojects".
› What is Ecofund?
Ecofund is a nonprofit association based in Germany. Ecofund manages a global web platform connecting green-minded people who want to make a difference with people with “green” projects, our Champions. Our focus is ecology, the protection, regeneration and sustainable management of our eco-system. Ecofund is demand driven. Ecofund is not about aid, it’s about your investment in our future ecosystem.
› How is Ecofund different from other initiatives?
Ecofund offers the first peer-to-peer funding web platform with a focus on our ecosystem. Second, it is community driven: Some would like to save the rainforest, others to protect a breeding site in their locality. Wherever you decide to impact our ecosystem positively, Ecofund can facilitate it. You can post or fund the project you like to support, whether it’s in your neighborhood or on the other side of the globe. There is ONE and ONLY ecosystem, all projects contribute to protecting it. All projects are selected by Ecofund’s team which combines both extensive grass roots experience in developing countries and professional expertise in project design, management and evaluation. Moreover, projects are backed by a recognized local organization or individual with professional knowhow and track record of management of ecoprojects.
› How do I register with Ecofund?
Registering with Ecofund is free and easy. Just click “Register” on the bottom of the web site, then: - fill in your first and your last name, - fill and confirm your email address, - chose and confirm your password, - select your country, - tick the icon that you accept Ecofund’s terms & conditions - tick the icon, if you want to receive Ecofund’s news on project updates - tick the “Register now” button ant that’s it. We will send you an email to ensure that it’s you who entered the email address. All you need is to accept the email by clicking on the link. Once registered, you will receive Ecofund’s news and have access to comment on Ecoblog posts.
› How do you select the ecoprojects ?
Projects are initiated and managed by local Champions. They send us a project funding request. These are small scale initiatives with big positive impact not only on the local but also on our global ecosystem. Ecofund selects projects according to our guidlines in collaboration with our ecopartners. With its professional expertise in project design, management and evaluation, Ecofund helps Champions to structure their ecoporjects for funding. Selected projects, called ecoprojects, are then published on our web platform.
› What does “deadline” mean?
Our mission is to boost all initiatives promising positive impact on ecosystem. After support in project structuring, Ecofund offers these initiatives a web platform for fund raising. For the benefit of our ecosystem, we want all Champions to succeed with their ecoprojects. Thus, we will give each project enough time to raise the requested funds. However, we do not want an ecoproject to collect funds for years. Therefore, for each project individually we fix a deadline, i.e. maximum time for publication and fund raising on Ecofund’s web platform. However, ecoproject deadlines may be prolonged by Ecofund based on a successful evaluation against criteria such as remaining funding gap, donor interest (clicks) and project feasibility.
› How does it work if I have a project?
Follow the Guidelines! You first need to register as a Champion by acknowledging Ecofund’s terms & conditions. Then download the Word file, fill in and email us your project funding request. If your project fulfils Ecofund’s evaluation criteria, we will sign an agreement with you and your ecopartner and publish your project on Ecofund’s web platform for fundraising. When your project collects 100% of the requested funds within its deadline we will execute our agreement and disburse the funds according to project progress, i.e. agreed milestones. You will be requested to provide regular updates on project progress to Ecofund’s blog. If all collected donations don’t meet your project’s funding request within its deadline, Ecofund will consider your project as unfeasible. There may also be other reasons, such e.g. political or natural disaster, which may lead us to cancel your project. Ecofund will use the donations to your project according to our terms & conditions to fill the gaps of other featured projects, which haven’t yet reached their deadlines.
› What are ecoproject transaction costs?
We believe that transparency and generosity can go hand in hand when handled responsibly. Therefore, the ecoproject total costs - as featured on Ecofund’s web platform – include costs of all items and actions needed to implement the ecoproject. With our initiative we aim to “globalize” and “democratize” the protection of our ecosystem. “Democratize” means that donations start at EUR 5, so everyone can contribute and positively impact our ecosystem. However, this has a relatively high transaction costs. Only the online payment via PayPal costs 45 centimes for a donation of EUR 5, i.e. 9%. Moreover, international bank transfers costs (depending on destination) between 5 and 7% of the amount transferred. There are also other donation related transaction costs, such as communication. The higher the amount of your donation, the lower is the part of its transaction costs, and the higher the part to benefit the ecoproject. We invested our time and money in building and launching the platform. Consequently, we consider the transaction costs of up to 15% explained above as fair, transparent and necessary for an economically viable management of the platform. We are working hard, so in the near future, PayPal may offer a discounted service to Ecofund or we may find another less costly online payment service, so that a greater part of your donation remains exclusively reserved for ecoprojects.
› How does Ecofund finance its management and development costs?
Ecofund’s management and development costs include costs of maintenance and further development of Ecofund’s web platform. Furthermore, they also include costs for external services and costs for communication and administration. Ecofund’s management and development costs are met by the benevolent work of the Ecofund team, financial contribution of associates, voluntary donations, and sponsors. We would therefore appreciate your donations to Ecofund.
› How can I contribute to the Ecoblog?
We invite you to contribute to our Ecoblog by registering with Ecofund and sending us your comment or article by email. We hope that you understand that we reserve the rights to select articles and comments posted.
› Are my personal data on Ecofund confident and secure?
Champion : the local person or association who owns the project, i.e. the one who initiated and will implement it. Determined, dynamic, and entrepreneur, for us they are true champions!
Ecoproject : a thoroughly researched and selected project which will produce a positive impact on our ecosystem. Ecoprojects are classified in categories.
Ecopartner : an organization or individual(s) who are backing the ecoproject. They monitor the project for Ecofund and build a partnership with the champion. Ecopartners are recognized for their professional knowhow and track record of management of ecoprojects.