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Juan
Juan is a Peruvian artisan who designs and crafts jewelry that features Andean silver and gemstones. He would like to buy materials such as silver and gemstones in order to increase production. Juan has been selling through NOVICA since 2004. This is his story: "My wife Rosario and I once ran a clothing shop, but financial hardship struck. We were both interested in designing jewelry, and at first we relied on expert silversmiths," he said. "I was fascinated with the process of making jewelry and became an eager student – I now design and craft my own jewelry. My style is different than my wife's, and we are both proud to see how far we have come. I'm driven by a desire to excel, and I strive to transmit beauty and quality. My jewelry comes from my inspiration to bring out a woman's natural beauty. Thanks to you, I've been able to be a part of this great endeavor. I appreciate your assistance with this microcredit."

Use the link below to view Juan's jewelry on the NOVICA site:
http://www.novica.com/artistdetail/index.cfm?faid=4424

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

  • $6,715
    Average annual income
  • 35
    View loans »
    Peru Loans Fundraising
  • $54,501,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $400 helped Juan to buy materials such as silver and gemstones to increase production.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
At end of term
Disbursed:
Oct 4, 2012
Listed
Sep 4, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 18, 2013