Artisan Loan Program
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, 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 is not currently accepting new loan applications. Please contact info@allianceartisan.org with any questions about the program.
PROGRAM IMPACT
The Artisan Alliance has funded 44 loans for artisan businesses on the Kiva platform, raising $410,035 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 International Folk Art Market and other markets and trade shows. Often, loans through the Alliance-Kiva Artisan Loan Program are the only source of financing available to artisan entrepreneurs.
$410,035 USD raised from individual Kiva lenders
44 loans funded on Kiva
20,000+ artisans supported
100% repayment rate
Average loan size $8,400 USD
Average loan term 12 months