Artisan Loan Program
artisan loan program
Loans up to $20,000 tailored to artisan businesses
THE artisan alliance + KIVA
Kiva is the world's first online crowd-lending platform, connecting entrepreneurs around the world with over one million individual lenders. Leveraging the Internet and a global network of Field Partners (including the Alliance), Kiva lets individuals lend as little as $25 each to help create opportunity. Hundreds of people fund each loan on the Kiva website.
In partnership with Kiva, the Artisan Alliance offers tailored artisan business loans up to $20,000 USD at 0% interest. Artisan businesses are often overlooked by traditional lenders; Kiva allows these entrepreneurs to bypass banks and secure capital to buy raw materials, access international markets, invest in equipment and training, and more.
The Artisan Alliance has funded 33 loans for artisan businesses on the Kiva platform, raising $298,500 from individual Kiva lenders. Every artisan business loan has been repaid in full. Program participants have utilized loans to buy raw materials, fulfill large purchase orders, construct improved workshops, and attend the prestigious International Folk Art Market.
$298,500 USD raised from individual Kiva lenders
33 loans funded on Kiva
19,000+ artisans supported
100% repayment rate
Average loan size $8,759 USD
Average loan term 11 months
13 countries represented