Macrina and her husband, Manuel, are Mexican artisans who craft decorative wall mirrors with tin repousse and Mexico's traditional Talavera tiles. They would like to stock up on materials such as tin and tile so that they can increase production.
Macrina and Manuel have been selling through NOVICA since 2011. This is their story:
"We've been close to arts and crafts all of our lives, and in fact they are what brought us together. Our technique is traditional handcrafting, but our current designs include decorative items like mirrors, ceiling panels, candleholders and colonial style lamps. Our inspiration is born in each new style as we create from our ideas for people to enjoy. Our designs are crafted by hand with excellent quality and the unique touch of Mexican handiwork. With each item, we show you our love of life."
"We appreciate your trust and support in this microcredit with all our hearts. We had wanted to show our designs to the world for such a long time and, thanks to you, we are achieving our goals. Many, many thanks!"
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.