Giuliana is a jewelry designer who specializes in gold and silver filigree art. She would like to invest in the purchase of two kilos of silver for production.
Giuliana has been selling through NOVICA since 2005. This is her story:
"As a child, I loved creating my own jewelry to wear at parties, or to give as gifts to friends. My designs speak of tradition yet are modern, and they feature the harmony between metal, pearls, and gemstones. I'd like to show the world the hand-crafted filigree styles developed in Peru over the centuries. I have researched the theme at length, and my findings have led me to experiment with many great materials, with Andean opal being my favorite.
"I would like to thank you for being there when people are going through tough times. Especially for women like me, who are trying to make it in this art form and find success in our ventures."
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.