Sarjana is an artisan who specializes in Balinese jewelry. He would like to purchase a good stock of silver to continue crafting his creations.
Sarjana has been selling through NOVICA since 2000. This is his story:
Sarjana has fine-tuned his skills over the years to become one of the most talented and innovative craftsmen in his village. "I am the eldest of three children from a family of artists, but I was the first in my family to work with silver. My main inspirations come from nature and the daily life around me. Flowers and animals are my favorite subjects, but sometimes abstract geometrical shapes come into my mind."
"I really expect this support will make the work process at my workshop run smoother. This interest-free micro credit is like a lubricant that can help move along the crafting process so we can build up our stock and fulfill increasing orders. Thank you so much!"
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.