Israel specializes in handwoven rugs in Mexico's Zapotec tradition. He would like to build new looms for the workshop and stock up on wool and the natural materials used for dyes.
Israel has been selling through NOVICA since 2000. This is his story:
Israel and his family have been weaving Zapotec rugs for many generations. "Not one of us has ever hesitated to become a rug weaver. We have all grown up watching our parents and grandparents weave and, because it is an enjoyable process, we have followed in our parents' footsteps as adults. During the weekends we teach our children this same art form that has been passed down through many generations. Our children are learning in school that they have opportunities to try other types of work as well, but we would not be surprised if they eventually decide to become rug makers, following the tradition of our ancestors. We are all involved in every aspect of weaving, from washing the raw wool when it arrives at shearing time, to carding it carefully and dyeing it in many beautiful shades before weaving begins. We are especially careful to choose the right colors for each rug – we put careful consideration into this artistic aspect of the rug-making process."
"We are very grateful for this help. Thanks to our customers, we've been able to improve our rugs over the years and we hope to continue. Thank you!"
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.