Samuel is an artisan who creates extraordinarily detailed works of art in batik. He would like to purchase dye and other raw materials that he needs to create his artwork.
Samuel has been selling through NOVICA since 2003. This is his story:
"In college I majored in the arts, specializing in textiles and sculpture. After my university education, I joined the Arts Council of Ghana from 1986 to date. I have developed my own techniques in batik production, using reactive dyes to achieve the same or better effects than would be derived in traditional paintings. The results have been marvelous! My themes are mainly of women, beach scenes and landscapes. I try to depict the daily activities of women in Africa to support the fight for equality for the African woman."
"I'd like to express my gratitude to you who are assisting me with this microcredit. This will encourage me to produce more. 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.