Ni Wayan specializes in crafting sterling silver jewelry with gold accents as well as gemstones. She would like to purchase more natural gemstones and sterling silver to continue production.
Ni Wayan has been selling through Novica since 2011. This is her story:
"I was born into a family of gold artisans in Bali, the fourth of seven children. Our village is known as a center of gold ceremonial jewelry. All of us learn to craft jewelry from the time we are in school. In 2009, my parents were named 'The Master's Hands' for gold and silver jewelry by The Jakarta Post. They taught me to learn patiently, work hard and never give up to achieve good jewelry. I will be a good jewelry maker like my parents and my brother, and I will make them proud of me. My husband is also a silversmith and this is part of my happiness in life, making my life worthwhile. I hope you like my jewelry and feel its beauty.
"I would like to send my deepest thanks to all of you for this microcredit. With your support I will be able to buy silver and gems to increase my stock. I hope this can help my business grow more. Thanks much! I wish you all the best things, and may good fortune come to your lives."
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.