Divine is a Ghanaian artisan who specializes in hand-carved sculptures and masks. He would like to invest in the purchase of raw materials such as wood, paints and sandpaper to continue production.
Divine has been selling through NOVICA since 2011. This is his story:
"My trade name 'Top Cambodia' comes from my desire to succeed in life. That’s where 'Top' comes from. And 'Cambodia' is in honor of my paternal grandfather, who served there on a peacemaking mission, and who died the same day I was born. I come from a family of carvers, and it was my maternal grandfather who taught me how to carve. I would always stop by his workshop on the way back from school. I've managed to bring a few of my relatives in my village to join me in Accra. I make the designs, they carve them, and I finish them. My experience as a carver helps me judge when a piece has been properly carved, so I also do quality control."
"I thank everyone involved in this microcredit for thinking about me and for giving me this opportunity. It will enable me to buy more materials for the creation of new designs."
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.