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Ana Maria
Ana Maria is an artisan who specializes in decoupage home accents, including boxes, wall decor, and trays. She would like to invest in the purchase of raw materials, such as pinewood, iron fixtures, and prints. To expand production she would also like to offer jobs to other artisans.

Ana Maria has been selling through NOVICA since 2004. This is her story:

"For as long as I can remember, I've been around arts and crafts. My whole family produced something and, when we'd visit our relatives, my cousins and I would make something for fun. After I married, my husband and I created various kinds of handicrafts. I began making decorative boxes, painted by hand with different finishes. Today I create boxes with classic motifs and an antique feel."

"Thank you for supporting small business artisans like me through interest-free microcredits, but, more than anything, thank you for your faith in me."

Use the link below to view Ana Maria's decoupage home accents on the NOVICA site:
http://www.novica.com/artistdetail/index.cfm?faid=4592

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 Mexico

  • $15,600
    Average annual income
  • 15
    View loans »
    Mexico Loans Fundraising
  • $18,764,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,600 helped Ana Maria to purchase raw materials and bring new artisans into her workshop.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Disbursed:
Aug 31, 2012
Listed
Jul 30, 2012
Currency Exchange Loss:
N/A
Ended:
May 17, 2013