Akwele is an artisan in Ghana who specializes in handcrafted jewelry made from recycled materials. She would like to invest in the purchase of raw materials such as paper, glue, hooks, and clasps; and she would also like to employ additional workers to assist her in production.
Akwele has been selling through NOVICA since 2000. This is her story:
"I believe in art and in practicing it in a clever way. I have followed my passion to express myself naturally. My work is a continuous process of experimentation, research, and development, and this has earned me a number of awards nationally and internationally for both my paintings and my jewelry collections. One can never finish discovering what nature has to offer, so from a place of the spirit and with joy, gratitude, and delight I am going deep and deeper with my works in order to share with the world."
"I thank you for your support via this microcredit, as it allows me to continue making my jewelry."
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.