Check out some available loans that are similar to this one!
Gisella
Gisella designs and crafts leather handbags. She would like to buy raw materials and components to be able to create new designs.

Gisella has been selling through NOVICA since 2011. This is her story:

"I've always had an inclination towards creating things, and I like handicrafts. Several years ago, I began making soaps and candles, and I enrolled in craft classes every chance I had. In 2009, I decided to study jewelry crafting. Later, I studied designing purses and wallets. My greatest challenge has been getting ahead as a woman in a field that has been mostly dominated by men."

"When I design my handbags, I want women to fall in love with them and use them all the time. Thank you so much for your support. I appreciate your confidence and want to thank you all for helping me achieve my dream."

Use the link below to view Gisella's leather bags on the NOVICA site: http://www.novica.com/artistdetail/index.cfm?faid=8333

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

  • $12,000
    Average annual income
  • 118
    View loans »
    Peru Loans Fundraising
  • $57,346,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $400 helped Gisella to purchase raw materials and components for her leather handbags.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Disbursed:
Sep 3, 2012
Listed
Jul 31, 2012
Currency Exchange Loss:
N/A
Ended:
Mar 7, 2013