$1 from 1001 people is better than $1000 from one person…and a lot easier to get! Less can be more! Micro funding can be defined has raising funds from social media, as well as media websites, for a specific purpose. Actually, micro funding is a common practice nowadays. People and organizations prefer micro funding to direct donations. This may be due to viral involvement as well as peer pressure. Most people are also not willing to remove large-sum donations.