Launch of #promo-steem
Part 1 – Structure
Part 2 – Funding and Investment
Part 3a – Promotion Methods
Part 3b – Submitting a Pitch
Part 4 – Summary
PART 3b SUBMITTING A PITCH FOR MICRO LOAN
We have had lots of feedback from people from all over the world who would like to help out promoting Steemit! This is truly AMAZING and we really love the response! it brings true confidence in the platform and its strong user base going forward.
Some people are already promoting Steem or will draw from our ideas in section 3a) (see here). They have some financial capital to allow them to afford their initial promotional expenses.
Other people on Steemit have clearly demonstrated a great drive and passion to promote Steemit in their blogs, however they do not have any (or very little) initial capital to get them started promoting Steemit to the world!
As part of our launch of #promo-steem please find below details of how to create a pitch to #promo-steem in order to obtain an INTEREST FREE micro loan that will help you get your Steem promotion activities off the ground and give you the ability to acquire items such as T-shirts, mugs, caps, pens, flyers, business cards, banners, flags etc. Also if your proposal is more extravagant promotion method, we will also consider these proposals and if you are the right person for the job, we will do our best to finance your initiative!
INTEREST FREE Loan Structure
Initially we are going to help people who successfully pass our pitching process with loans in steem only. The first loans will be 100-200 steem loans only.
These loans shall be provided at the discretion of #promo-steem only based on pitches submitted by the loan applicants (details of how to pitch are below).
Once the loan is made, the recipient of the loan shall begin regularly blogging on their promotional campaign as it develops from inception through to completion.
Each loan recipient should be able to produce at least 15 individual blogs from this activity.
The loan is interest free and shall be paid back in full.
Our loans shall be tracked publicly on the Steemit blockchain for all to see their progress, repayment and hopefully the success stories behind them.
Once the loan recipient has accumulated the value of the loan + 50% the candidate shall begin paying back the loan at 100% of their future blogging earnings
For example: Let's assume the loan recipeint has a strong promotional method and has passed our loan pitching process and been accepted for a 100 Steem loan. The candidate receives the loan and begins blogging about setting up their promotional camping. Once their blogs total a profit of 150 steem they shall pay back the loan until they reach 250 steem in blogging revenues. All blogging revenue following this belongs to the loan candidate. These profits can then be reinvested by the candidate into their own promotion initiative so that they can increase the value created for Steemit! This is therefore an interest free micro loan.
We plan to start with 8 - 10 candidates in the first phase of our loans programme and we are really excited to see how it all progresses!
Credits to BBC for this hilarious dragons den video!
How to submit a pitch
1- The loan requester or loan candidate should submit a blog that is entitled: "#promo-steem PROMOTIONAL LOAN PITCH"
2- the blog shall include mentions to the names 
3- the blog shall be tagged with the following as a minimum:
4- the blog shall include a clear summary of who you are, and any previous work you have done on steemit. We would like to see people reassure us that they are dedicated, trustable candidates here who are SELF STARTERS are dedicated to promoting Steemit and are dedicated to repaying the loan. If you can include a short video of who you are, how you plan to promote steemit, and what your proposal is this will be highly beneficial!
5- the blog shall include a clear detail of what your promotional campaign shall include and how you plan to promote steemit. Please use our promotional methods blog here as a basis for your ideas
6- a detailed break down of all costs shall be included in the blog. for example the candidate should write something along the lines of the following:
"I have carried out a detailed review of costs in my local area and as part of my Steemit promotion campaign I will incur the following costs:
- 4 T-shirts = 50 steem
- 500 business cards = 20 steem
- 5,000 flyers = 30 steem
- detail other costs etc..."
Once we have been made aware of a pitch blog, we shall review the blog and review the candidate to see if they meet our criteria for the loan. We shall write in the comments of the blog if we plan to proceed with the loan or not.
If the candidate and their pitch is successful and we proceed with the loan we shall create a blog that lists our terms and conditions for provision and repayment of the loan.
Best of luck! and we look forward to hearing from you!
A big shout out to:
The 
Stephen
Steemians who have shown interest in getting involved or supporting this initiative!
