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Victor is a Peruvian artisan who specializes in handcrafted silver jewelry. He would like to invest in the purchase of larger amounts of silver and natural gemstones.

Victor has been selling through NOVICA since 2010. This is his story:

"Jewelry is my life. It impassions me. Each design is like a child to me. My artistic formation began when I was 12, when my older sister married an experienced silversmith. I was an apprentice at his workshop, and then became a master silversmith, too. I love the thrill of working on new designs."

"Thanks to you and your collaboration in this microcredit, I'll be able to create more designs and thus increase my production, which is inspired by nature, as always!"

Use the link below to view Victor's silver jewelry on the NOVICA site:

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 Peru

  • $12,000
    Average annual income
  • 99
    View loans »
    Peru Loans Fundraising
  • $57,944,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Victor to invest in the purchase of larger amounts of silver and natural gemstones.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
At end of term
Mar 4, 2013
Jan 28, 2013
Currency Exchange Loss:
Nov 17, 2013