If you are an artist with a business, you may be looking for capital to expand or invest in your work. One option may be a microloan from Kiva. The Kiva community provides access to 0% interest loans and a network that can help you find the financial resources you need to grow. This is a loan that must be repaid, and so having a solid business footing and clear repayment plan is a must for taking this step forward.
Kiva is an international nonprofit, founded in 2005 and based in San Francisco, with a mission to connect people through lending to alleviate poverty. Their loans are active internationally, supporting people looking to create a better future for themselves, their families and their communities.
As a trustee on Kiva, Springboard for the Arts can work with artists putting their loan proposals and business plans together, and help match proposals with matching funds. Loans can be up to $25,000 on a 3 year re-payment schedule, although the majority of loans are in the $5,000-$10,000 range. We use our Work of Art: Business Skills for Artists curriculum, consultations, and business planning experience to get you to a place to succeed. Whether you're already on Kiva and looking for support, or figuring out how to get to a place to grow your creative business, Springboard can help.
As a trustee, Springboard endorses artists on the Kiva platform who we have worked with through Work of Art, consultation, or business plan development, or who have viable business plans or experience.
We've put together some resources to help you prepare a strong Kiva loan application. We'll continually be adding additional resources to this page.
Interested in Applying for a Kiva Loan?
Springboard for the Arts is a Kiva trustee and can endorse loans and provide matching funds from the Surdna Foundation. We endorse entrepreneurs who identify themselves as artists, who are borrowing money to support or grow their artistic businesses.
If you are interested in being endorsed or curious about getting started with a Kiva loan, please email Caroline Taiwo at email@example.com.
Endorsed Kiva Loans & Artists
A loan of $10,000 helped help my business staff up adequately for the operational costs of labor, marketing and event planning to extend our artist residency program, host community fundraisers, and work with more local artists, designers, and crafters.
A loan of $3,000 helps to purchase the necessary equipment needed for efficiency in streamlining the jewelry-making process and overall product consistency.
A loan of $5,000 helped me to rent a space for Art instruction, invest in Supplies like Easels, Aprons, paints for handling larger classroom sizes and also invest in Marketing Campaigns to expand my customer base by two-fold in 2017.
Thanks to the Surdna Foundation for matching funds and program support for the Kiva partnership.