Dario is a Peruvian artisan who makes handcrafted jewelry. He hopes to invest in the purchase of silver and gemstones to continue his work.
Dario has been selling through NOVICA since 2006. This is his story:
"I began helping out in a jewelry workshop when I was 15, during school vacations. Little by little, this activity became a passion. I realized how much I enjoyed working with meticulous details, and eventually found a great deal of satisfaction in creating jewelry that people liked. Beauty can be expressed in different forms and manners. The challenge for a country like Peru is to get ahead little by little, despite the many difficult circumstances that exist. It's important that people appreciate the art of jewelry, as many don't value the effort it requires.
"I'm very grateful for your support as I create my jewelry designs. This has been my passion since I was a young man, and it has brought me great satisfaction. It's wonderful to see how the simplest design becomes beautiful when worn by a woman. Thank you for your support!"
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.