Cesar creates realistic sculptures and figurines from gemstones. He would like to stock up on raw materials and also upgrade his stone-cutting tools.
Cesar has been selling through NOVICA since 2003. This is his story:
Cesar has worked as a stone carver since 1988. Cesar works with serpentine, rose manganese, calcite, celestite, red jasper, mottramite, chrysocolla, rhodochrosite and quartz. "I work in stone because of the beautiful things that can be made with each kind," he says. "I like stone's naturalness and purity of color." Of his four children, it is his eldest daughter who has shown the most interest in her father's art and in carrying on his craft.
"Selling my works through NOVICA has elevated my sense of inspiration, motivating me to continue growing as an artist and to develop new designs. My problem is that sometimes it's hard to find good quality stones — every day it seems they are scarcer and more expensive. When I heard about this interest-free microcredit opportunity, I felt a huge relief. Now I won't miss an opportunity to buy good materials. 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.