Nana is a Ghanaian artisan who specializes in hand-carved traditional African furnishings, ceremonial items, and masks. He hopes to stock up on materials for his beautiful wood carvings.
Nana has been selling through NOVICA since 2000. This is his story:
"I am currently the chief carver for the king of the Ashanti because of my great ability in carving. Some of my work for the king includes objects with the gye nyame (symbol for the supremacy of God), stools, staffs, and other royal and ceremonial objects. I have trained and qualified about ten men in the art of skilled carving. I draw inspiration from traditional kente cloth designs, from my family background, and from our rich Ashanti tradition.
My dream has always been to invest in my children's education. I am happy to say that this is now possible – two of my sons are in university, they are the first of our family to obtain a higher education. My other primary goal is to help my community so that the poverty that plagues them will be eradicated completely. Above all, I wish to help make it possible for peace and tranquility to prevail in my community and the nation of Ghana as a whole.
I am most grateful to the donors for helping me. Thank you!"
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.