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Quantitative and temporal limits

Quantitative limits

Indicates the amount that is financed.

How is it established?

The promoter determines the financial needs of the project and establishes the amount that needs to be financed.

Can the amount to be financed be exceeded?

The financing objective may be exceeded by up to 25 percent as long as it is previously reported in the project description.

Can the amount financed be less than the object of financing?

Only in the event that at least 90 percent of the financing objective has been reached, once the participation in the project that the platform itself may have has been discounted, and provided that it is informed, prior to the investment, of such possibility and the assumptions that give rise to it.
In case of not reaching the financing objective (or 90% in the conditions mentioned in the previous point) within the fixed time period, the money invested will be returned to investors at no cost.

Time limits

Indicates the maximum term to be able to participate in the opportunity.
How is it established?

The promoter together with icrowdhouse determine the date of publication of the project and establish a specific term that is usually 60 days and that results in the deadline to participate in the opportunity.

Can the deadline to participate in the opportunity be exceeded?

The maximum term to participate in the opportunity may be exceeded by up to 25 percent provided that it is previously informed in the description of the project.

Can a fundraiser end before the deadline?

Yes, if the 100% of the operation (or 125% if previously established) is covered before the end of the term, the operation will be closed.

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