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Edmundo
Edmundo is an artisan who specializes in the traditional Peruvian art of reverse painted glass. He would like to invest in the purchase of raw materials such as high quality wood and glass to expand production of his mirrors and jewelry boxes.

Edmundo has been selling through NOVICA since 2004. This is his story in his words.

"I inherited my interest in art from my mother, a weaver," he says. "As an adolescent, I enjoyed painting and liked to create cartoons as a form of social protest, when terrorists threatened our land. Now I specialize in painted glass and crackled finishes, a technique that is both traditional and modern. My themes include pre-Hispanic, colonial and ethnic as a tribute to the beauty and culture of the Andean world and its wildlife."

"I admit to being an admirer of Peruvian colonial art, and I love being able to express my passion through a traditional art form such as reverse painted glass," he says. "It allows me to capture the colors, shapes, and silver and golden glimmer that is characteristic of this art form. The fact that my products may be arriving at people's homes around the world is very exciting, and all I need to do is to continue crafting items inspired by something I already love to do – what a blessing! I would like to thank you for the opportunity that this interest-free micro-loan provides."

Use the link below to view Edmundo's reverse painted mirrors and jewelry boxes on the NOVICA site:
http://www.novica.com/artistdetail/index.cfm?faid=4249

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

  • $6,715
    Average annual income
  • 61
    View loans »
    Peru Loans Fundraising
  • $54,001,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,850 helped Edmundo to buy raw materials such as high quality wood and glass to expand production of his mirrors and jewelry boxes.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Disbursed:
Aug 20, 2012
Listed
Jul 18, 2012
Currency Exchange Loss:
N/A
Ended:
May 17, 2013