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Paul
Paul is a Ghanaian artisan who specializes in transforming natural fibers into elegant handbags. He would like to purchase considerable amounts of raffia rope, jute, threads and lining fabric to increase production.

Paul has been selling through NOVICA since 2009. This is his story:

"My late uncle taught me to weave with corn husks, but after three months, he abandoned the work because it wasn't lucrative. I decided that I would pursue this art and come up with new, attractive designs. Initially, I was creating small bags and customers encouraged me to continue. I work with all kinds of materials – corn husks, plantain leaves, kente cloth, fabric, leather, plywood, foam, raffia, twine and cotton cord. I've had the opportunity to teach over a hundred young people how to weave with corn husks. My ambition is to eventually establish a big workshop to train youths who are interested in this craft and to be able to produce new designs on a larger scale."

"I thank you all for supporting my work with this microcredit. It is much appreciated!"

Use the link below to view Paul's natural fiber handbags on the NOVICA site:

http://www.novica.com/kiva/7206

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 Ghana

  • $3,500
    Average annual income
  • 25
    View loans »
    Ghana Loans Fundraising
  • $11,557,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $150 helped Paul to purchase considerable amounts of raffia rope, jute, threads and lining fabric to increase production.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Disbursed:
Mar 22, 2013
Listed
Feb 17, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2013