MICROFUNDO is the world's first person-to-person musician microfunding website that allows music fans to provide financial support directly to their favorite artist no matter where they live.
MICROFUNDO :: MUSIC + MICROFINANCE
MICROFUNDO is
changing the way the world finances music by applying the principles of
microfinancing to the music industry : a Kiva.org for music.
MICROFUNDO's mission is to support the entrepreneurial activities of
independent musicians from developing countries around the world -
championing undiscovered musicians who would otherwise not have the
means to develop their music careers.
HOW DOES IT WORK?
Choose a Musician's Campaign, Lend, Get Repaid
1. Music Fans like you can browse Campaigns of Musicians and choose an
artist to lend to. When you lend, using Paypal or your credit card,
Microfundo collects the funds and then passes them along to the artist
once they've reached their goal.
2. Over time the artist is able to repay the loan via sales of digital
downloads of their music that is distributed through Microfundo's media
partners at Natonal Geographic and Mondomix.
3. When you get your money back you can re-lend to another artist
Campaign or choose to purchase their artists' new releases or you can
simply keep your money.
You, the fan, provide microfunding for musicians from one of the
unlikely music capitals of the world - the townships of Capetown, South
Africa, say, or the favelas in Salvador, Brazil. You are directly
engaged in their creative process - making new and completely unique
recordings that wouldn't exist without your assistance.
Change the lives of our Artists and help develop a thriving music economy around the globe.
Preview a live Microfundo fan-funded project here and see how the fans are making it happen.
Comments