Kenya - Business creation project

Describe your project or startup in a few words

Financial Empowerment for Artists and Collectors through buying and reselling of art pieces.

01.01 Describe your project in more detail

When a client purchases art from the artbank they can resell it back to the artbank at an extra profit of 5% of the initial buying price of the particular piece. I am hoping by this i can promote the cycling of art and promote artists across the country and also provide financial services to our esteemed clients. I am also hoping to establish an art market with opportunities for various artists to showcase and sell their pieces and earn a living through their talents with the aim of promoting youths talents. Also i hope to bring back the value of art to the community and its importance.

01.02 What is the main problem you are trying to solve?

Poverty

01.03 Tell us the major benefits and/or advantages of using the product/service that your project intends to provide (at least 3).

Financial Empowerment to both artist and collector An opportunity for artists to earn a living through their art Financial aid for our clients who posses our products

01.04 Please describe who exactly your project is aimed at serving. Who are the targeted beneficiaries?

Artists and collectors

01.05 When did you start working on your project?

2020-01-01

01.06 How many other partners are associated with your business venture?

1

01.07 Among the other partners, how many are female?

0

01.08 Please describe the profile of each of the other partners (skills, experience, etc.)

1-Artist (5years)

01.09 If you have a website, a social media page (Facebook, Instagram, Linkedin…), or app, please provide the link here:

01.10 Which industry best describes your project?

g) Financial services

02.01.01 My project contributes to the No poverty goal

7 - Strongly Agree

02.01.02 No poverty - Justification

providing job opportunities and financial aids, promoting various artists businesses

02.02.01 My project contributes to the Zero hunger goal

5

02.02.02 Zero hunger - Justification

Providing a space to earn a living and acquire financial aid

02.03.01 My project contributes to the Good health and well-being goal

5

02.03.02 Good health and well-being - Justification

Art is a form of therapy which contributes to our mental health

02.04.01 My project contributes to the Quality education goal

7 - Strongly Agree

02.04.02 Quality education - Justification

The education system in kenya just recently changed and provided more attention towards the talents of its students. This business provides space for inspiration to our young and growing artists and shines a light to their dreams of being artists.

02.05.01 My project contributes to the Gender equality goal

7 - Strongly Agree

02.05.02 Gender equality - Justification

This business welcomes all genders to participate after all any one can be an artist

02.06.01 My project contributes to the Clean water and sanitation goal

7 - Strongly Agree

02.06.02 Clean water and sanitation - Justification

Through partnerships with other organisations to promote clean water and sanitation

02.07.01 My project contributes to the Affordable and clean energy goal

7 - Strongly Agree

02.07.02 Affordable and clean energy - Justification

Through partnerships i believe i can promote clean and affordable energy

02.08.01 My project contributes to the Decent work and economic growth

7 - Strongly Agree

02.08.02 Decent work and economic growth - Justification

Providing decent job opportunities and financial aids to our clients

02.09.01 My project contributes to the Industry innovation and infrastructure

7 - Strongly Agree

02.09.02 Industry innovation and infrastructure - Justification

Elevating the heights of the art market

02.10.01 My project contributes to the Reduced inequalities goal

7 - Strongly Agree

02.10.02 Reduced inequalities - Justification

Bringing together artist from within and without of the county through various art challenges an

02.11.01 My project contributes to the Sustainable cities and communities goal

7 - Strongly Agree

02.11.02 Sustainable cities and communities - Justification

Providing jobs for the community will reduce crime rate and promote safety to its people

02.12.01 My project contributes to the Responsible consumption and production goal

7 - Strongly Agree

02.12.02 Responsible consumption and production - Justification

Promoting movement of art from artist to collector is our main goal

02.13.01 My project contributes to the Climate action goal

7 - Strongly Agree

02.13.02 Climate action - Justification

Inspire climate actions through art and open educative events

02.14.01 My project contributes to the Life below water goal

7 - Strongly Agree

02.14.02 Life below water - Justification

Inspire and promote the use and protection of marine resources through art events and partnerships

02.15.01 My project contributes to the Life on land goal

7 - Strongly Agree

02.15.02 Life on land - Justification

Yes through educative events and partnerships with organizations

02.16.01 My project contributes to the Peace justice and strong institutions goal

7 - Strongly Agree

02.16.02 Peace justice and strong institutions - Justification

Bringing people together through art

02.17.01 My project contributes to the Partnerships for the goal

7 - Strongly Agree

02.17.02 Partnerships for the goal - Justification

Through partnerships with other organisations for a specific goal like conserving forests or water sources and marine life

05.01 There are a large number of customers who already use a product/service very similar to the product/service we envision creating.

1 - Strongly Disagree

05.02 The product/service we envision creating represents an entirely new type of product/service.

1 - Strongly Disagree

05.03 The product/service we envision creating could be described as a new technology.

7 - Strongly Agree

05.04 The product/service we envision creating is an improvement on an existing product or service.

1 - Strongly Disagree

05.05 The product/service we envision creating could be described as an extension of a range of products or services.

1 - Strongly Disagree

05.06 The product/service we envision creating responds to a demand or need that has not been satisfied by other products/services.

7 - Strongly Agree

05.07 The product/service we envision creating is a new version of an old product/service.

5

05.08 Justification

05.09 Who are your main potential competitors and what makes you stand out from them?

Commercial art galleries - we stand out by providing job opportunities and financial aid to our clients

10.06 Are you initiating actions within your community to promote the role of female entrepreneurs?

Providing space for female artists enterpreneurs to earn a living by selling and showcasing their products