“…Other forms of non-equity-based crowdfunding include donation-based (collecting voluntary contributions without offering services in return, e.g., charity projects), reward-based (i.e., selling a minimum number of products prior to production to fund the production process), and loan-based crowdfunding (i.e., collecting loans from the crowd) (Ahlers et al, 2012). Loan-based crowdfunding is also called crowdlending (Beck, 2017;Kretschmer & Tiberius, 2018).…”