What's and how does it work Crowdfunding?
It is an innovating system of collective funding. From the sum of different individual monetary contributions, which alone are not decisive, grouped with a common goal can become the key to developing a project. In return, creators offer unique rewards to patrons such as dvd, shirts, visit to film shoots, VIP tickets, attending special events, etc.
Although it is a collective funding the creator always keeps the total copyright.
Creators have a maximum of 90 days to collect the money they need to make their project. Only if in the defined period they achieve the 100% or more of their objective, the pledge will be charged to his patrons. If the project doesn't achieve the 100% in the fixed period, the pledge won't be charged and therefore it won't be any reward.
Creator
1.- Have an idea
2.- Publish your project in Kifund previous validation
3.- Get the 100% of your economic target in a maximum of 90 days
4.- Give you patrons their reward
Kifunder
1.- Explore the projects in Kifund
2.- Make a pledge
3.- Only if the project achieves the 100% the payment of the pledge will be done
4.- The creator contacts you and you'll receive your reward
Thanks to your support the project is made or the goal is achieved.
What's happens next?
For patrons / kifunder
If the project has achieved 100% you will receive an email from Kifund explaining that the project has reached its goal and your credit card will be charge with the amount contributed.
If the project does not get 100% you will be informed that it has not achieved the goal, so you won't have any credit card charge.
Once the project has finished the creator will contact you to complete the details to sending you the reward in a timely fashion.
For creators
One of the aims of Kifund is to help the production and distribution of creative and quality audiovisual projects that have financial difficulties, by providing a web platform through which to seek the necessary capital.
In the same way we encourage the spreading of those projects that achieve their goal in Kifund and are carried out. For this reason, we work to establish partnerships with different festivals and organizations, VoD platforms and other alternative distribution channels as a way to facilitate distribution.
