Artisan Loan Program
artisan loan program
Loans up to $20,000 tailored to artisan businesses
THE ALLIANCE FOR ARTISAN ENTERPRISE + 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 Alliance for Artisan Enterprise 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 Alliance has funded 18 loans for artisan businesses on the Kiva platform, raising $133,535 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.
- $133,535 USD raised from individual Kiva lenders
- 18 loans funded on Kiva
- 1,600+ artisans supported
- 100% repayment rate
- Average loan size $7,400 USD
- Average loan term 8 months
- 3 repeat borrowers
- 9 countries represented
Members, are you interested in participating in the Artisan Loan Program? Find additional details and complete an application in our member portal!