Crowdfunding as an Alternative to Property Development Financing in Disaster Management

Crowdfunding is a collective fundraising process, where a large number of people contribute funds to support a specific project, product, service or cause. Crowdfunding utilizes digital platforms as a tool to connect fundraisers with funders. Funds collected from several individuals or groups are then transferred to a platform as a fundraising company in accordance with the times in the current industrial 4.0 era. Crowdfunding for natural disasters has emerged as an effective tool to raise funds for post-disaster recovery efforts through social activities. The Crowdfunding industry has changed the way people go from being consumptive to more productive, making it easier for donors to connect with meaningful and noble causes. Indonesia itself is the first-ranked most generous country in 2024 based on the 2024 World Giving Index. This research aims to analyze whether Crowdfunding can be an alternative funding for property development in disaster management and identify opportunities for Crowdfunding as an innovative and inclusive funding solution. The methods used in this article are descriptive studies and literature studies. The result of this study is to conclude that Crowdfunding has great potential as an alternative to social financing in property development in disaster-affected areas, as well as providing solutions for the community to be actively involved in the post-disaster rehabilitation and reconstruction process through Crowdfunding schemes.