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Fernando is an artisan who specializes in alpaca apparel. He would like to invest in the bulk purchase of raw materials for production, including pure alpaca wool in five different colors to prepare for the next busy winter selling season.

Fernando has been selling through NOVICA since 2011. This is his story:

Fernando was introduced to textiles by his uncles. He says, "My artistic origins come from my family. My uncles worked in textiles and little by little they introduced me to this world. I love being able to translate materials into beautiful products. My work means everything to me: it's what I love and cherish, and I love the fact that it allows me to provide for my family. I consider myself a happy person and every day I strive to get ahead, not only in work, but also as a human being, a husband, and a son."

"I am proud to be an artisan, and I am proud to have been born in a land such as Peru that is so rich in culture and tradition. It is here where alpacas are bred, and their fleece has been used since the days of our Inca ancestors to make clothes. Today I have the opportunity to preserve this custom by designing apparel. On top of that, this great door has been opened for us to show customers around the world this rich tradition of ours. Thank you for appreciating what is ours, and for your support in helping me grow my business with this interest-free microcredit. I could not have found a better path to follow in life!"

Additional Information

Important information about Novica

Novica is an e-commerce website that allows artisans around the world to sell unique, high-quality goods directly to consumers. It also offers small loans to help artisans in the developing world start and grow their businesses. It’s possible to buy goods created by the artisans you help fund on the Novica website.

Repayments on Novica loans are tied to artisan revenue. This means that if an artisan has a good month, they will pay back more -- or less during slower months. To accommodate this, all repayments on this loan are due at the end of the loan term. Any repayments received before this deadline will be considered pre-payments, but will still be distributed to lenders as usual.

Because Novica is not a microfinance institution, Kiva’s risk rating system is not applicable. Kiva has conducted onsite due diligence, and Kiva’s Investment Committee approved the organization as a partner. Novica offers artisans loans at 0% interest.

About Peru

  • $12,000
    Average annual income
  • 130
    View loans »
    Peru Loans Fundraising
  • $58,863,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,750 helped Fernando to purchase alpaca wool and other materials in bulk.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Jul 10, 2012
Jun 6, 2012
Currency Exchange Loss:
Mar 15, 2013