Eric is a Ghanaian artisan who specializes in hand-carved wood masks and sculptures. He hopes to be able to purchase materials for his workshop including sese wood and additional tools.
Eric has been selling through NOVICA since 2000. This is his story:
"I learned carving at a local shop for three years and later established myself with my own shop. I started carving as a full time profession in the year 1997 at the age of twenty-three, and I now have one boy that works with me. We are four children in my family, among which my junior brother and sister are also talented with the skill of carving. My brother helps me a lot at the shop."
"I am so grateful to the people who are supporting my work with this microcredit. Thanks to you, I'll be able to invite other artisans to assist me and to buy the materials we need to keep working."
Use the link below to view Eric's masks and sculptures on the NOVICA site:
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.