Mario is a weaver who specializes in hand-woven Zapotec rugs and handbags. He would like to expand and improve his workshop and invite other weavers to collaborate with him. He also plans to stock up on materials, such as wool.
Mario has been selling through NOVICA since 2004. This is his story:
"I come from a family of weavers in Mexico. It is a legacy I inherited from my great-grandfather. Nowadays, my designs are different from those of my great-grandfather, but my aim is to preserve and promote the beauty of the Zapotec art. We dye the wool with natural colorants such as cochineal, walnut tree bark, and local flowers. We work on pedal looms, a process that can take anywhere between one day and a whole month, depending on the size and design."
"I want to thank you for making it possible for us to preserve the art of Zapotec weaving and share our designs with the world."
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.