Thursday, April 22, 2021
TechMoran
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
  • Classifieds
No Result
View All Result
TechMoran
">
Home Startups

Crowdfunding platform GrowMyHustle launches to help creatives fund their dream projects

Milcah Lukhanyu by Milcah Lukhanyu
4 years ago
in Startups, Tech
5 min read
0
vector flat illustration of an infographic crowdfunding concept. a group of business men wearing suits and ties.

vector flat illustration of an infographic crowdfunding concept. a group of business men wearing suits and ties.

Kenya’s GrowMyHustle.com is a new online crowdfunding platform that aims to help youths in the creative arts industry to raise money for their dream projects in return for non-monetary rewards to backers.

Like Kickstarter, the site allows users to post their projects online and ask their friends, family and the public to back them with whatever amount they are willing to. Most of the projects in the site will be books, plays, music, poetry projects and anything in the creative arts industry.

According to Clement Obonyo, a co-founder, “Africans have been crowd-funding since time immemorial. Now we’re just formalizing it in a way that fits the digital space we’re in right now. That’s all. This is nothing new.” “GrowMyHustle understands that creative entrepreneurs have solid fans who resonate with their work. Rather than a shadow investor who does not understand or connect with a creative entrepreneurs’ work.”

After liking and contributing to one’s project, GrowMyHustle releases the money contributed to the project in installments according to specific milestones outlined by the project-creator.

“In the case the money raised does not reach the target the money is returned back to the contributors,” says Obonyo. “These ensures that all those who contributed to the project receive the rewards they were promised by the project-creator based on the amounts they contributed.

Grow My Hustle was launched in 2017 from a need to develop alternative financing for Small and Medium Enterprises (SMEs), entrepreneurs and generally anyone with a project they would like to benefit from.

The startups main aim is to create a platform where everyone can have the opportunity to pursue their goals, dreams and ambitions without searching for finances though traditional sources of funding like family, friends and banking institutions.

READ  How to Register and Obtain your License through the Pharmacy and Poisons Board Portal

Related posts

zoom

Zoom Announces $100 Million Zoom Apps Fund for Developers to Build on its API

April 22, 2021
0

Google Meet is getting a makeover: New interface, better quality, & video wallpaper.

April 22, 2021
0

Music streaming service Audiomack partners MTN to bring music to over 76 million subscribers at Zero Data Cost

April 22, 2021
0

Drone Space Receives Certification for Commercial Drone Operations in Kenya

April 22, 2021
0

What you need to know about a traffic collision claim

April 22, 2021
0

Revix, a Cape Town-based cryptocurrency investment platform raises $4.1 million for rapid global growth

April 22, 2021
0

The platform works simply. A user open an account, selects a project to contribute to, builds their portfolio by supporting a range of projects then starts receiving rewards from the projects they invest in. To start your own project/ business, a project creator signs up for an account, submits their project pitch at the “start project” section then wait for feedback from the team. Once a project is approved, the creator can go ahead to provide more information about the project and wait for backers.

“You set up your account then tell the audience what your project is about, all the milestones you intend to achieve, set a timeline and a specific amount that you intend to raise. If your project reaches or exceeds the amount targeted, the fund-raising stage is deemed successful,” says Obonyo adding that the funds will be released according to milestones and rewards outlined in the pitch.

The team comprise of Clement Obonyo, Martie Mtange and Joan Marwa.

 

Readers 2,998

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Tags: crowdfundingKenya
Milcah Lukhanyu

Milcah Lukhanyu

Milcah Lukhanyu covers daily news briefs at TechMoran. She is the person who will probably read your press release and get the story out of it or totally trash it. Send tips to [email protected]

Related Posts

zoom
Business

Zoom Announces $100 Million Zoom Apps Fund for Developers to Build on its API

April 22, 2021
0
Tech

Google Meet is getting a makeover: New interface, better quality, & video wallpaper.

April 22, 2021
0
Music

Music streaming service Audiomack partners MTN to bring music to over 76 million subscribers at Zero Data Cost

April 22, 2021
0
Business

Drone Space Receives Certification for Commercial Drone Operations in Kenya

April 22, 2021
0
How To

What you need to know about a traffic collision claim

April 22, 2021
0
cryptocurrencies

Revix, a Cape Town-based cryptocurrency investment platform raises $4.1 million for rapid global growth

April 22, 2021
0
Startups

OKO raises $1.2 million to expand its offerings to more African markets, starting with Ivory Coast

April 22, 2021
0
Android

Google releases third Android 12 developer preview

April 22, 2021
0
Startups

Nigeria’s Klasha & SA’s Akiba Digital to Receive $200,000 from Expert DOJO International Accelerator program

April 21, 2021
0

ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

Microsoft is working on a new Microsoft Store for Windows 10; finally.

April 22, 2021

Apple: Touch ID of new Magic Keyboard will only work with M1 Macs

April 22, 2021
zoom

Zoom Announces $100 Million Zoom Apps Fund for Developers to Build on its API

April 22, 2021

Patch Management Best Practices

April 22, 2021

Google Meet is getting a makeover: New interface, better quality, & video wallpaper.

April 22, 2021
">
">

Follow Us

">

There are many sites out there focused on blowing off some steam, from funny entertainment to thrilling experiences like playing online, in some cases online gaming could grant you the chance to win extra money. We came across rocketpot.io while browsing for a good btc casino online and it left us a very good impression with their wide variety of games and crypto offering.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2019 Moran Media Group - All rights reserved TechMoran.

No Result
View All Result
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
  • Classifieds

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: