Wednesday, October 28, 2009

Microfundo: "a Kiva.org for music"

Microfundo is using a new, simple and collaborative model to keep music artists inspired and fans satisfied.

By creating a profile through Microfundo, music artists can be financially supported through loans from fans. Once an artist's financial goal is reached, Microfundo gives them their funds in bulk, and then helps the artist repay the loans back to the fans with money raised from music sales online.

Since this is a global scheme, artists anywhere who have a following can use Microfundo to take their projects to the next level.

Read more:
Microfundo homepage
About Microfundo
Microfundo on Twitter

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