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Zosimo
Zosimo weaves tapestries and rugs on a traditional Andean handloom. He would like to stock up on the wool and cotton yarns that he uses in his weavings.

Zosimo has been selling through NOVICA since 2002. This is his story:

Zosimo comes from a family of weavers in Ayacucho, renowned for its handicrafts. Like his grandparents and brothers, he works on a traditional handloom. Forced to abandon Ayacucho due to turmoil and violence, Zosimo and his family moved to an urban center where they faced innumerable obstacles. Nonetheless, his dedication has allowed him to succeed. His goal is to teach his children the textile art once they are old enough.

"I want to thank you for your much needed help. Sometimes, for a variety of reasons, I am unable to have a supply of all my designs available. But with your assistance, I will be able to keep a permanent stock of my designs and be able to have good sales at the end of this year."

Use the link below to view Zosimo's hand-loomed tapestries and rugs on the NOVICA site:
http://www.novica.com/artistdetail/index.cfm?faid=3153

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
  • 66
    View loans »
    Peru Loans Fundraising
  • $53,959,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,200 helped Zosimo to purchase wool and cotton yarn for his tapestries and rugs.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Disbursed:
Aug 29, 2012
Listed
Jul 28, 2012
Currency Exchange Loss:
N/A
Ended:
May 17, 2013