Check out some available loans that are similar to this one!
Pedro
Pedro and his wife and three children are Guatemalan silversmiths specializing in jade and sterling silver jewelry. They would like to invest in the purchase of fine silver to increase production.

Pedro and his family have been selling through NOVICA since 2010. This is their story:

"After working for silversmiths for six years, we decided to open our own workshop. We are all involved in the family business. We've developed a good working relationship. Everyone specializes in a different aspect and we complement each others' work."

"We appreciate this microcredit very much, because it will allow us to purchase enough silver to continue working for a good while. This in turn will allow us to invest in more materials and cover the salaries of those collaborating with us at the workshop. Many thanks, and may God bless you."

Use the link below to view Pedro and family's jade and sterling silver jewelry on the NOVICA site:
http://www.novica.com/kiva/7566

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 Guatemala

  • $4,155
    Average annual income
  • 81
    View loans »
    Guatemala Loans Fundraising
  • $8,871,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,800 helped Pedro to invest in the purchase of fine silver to increase production.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Disbursed:
Feb 21, 2013
Listed
Jan 18, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2013