Robert is an artisan from Ghana who specializes in designing hand-carved African masks. He would like to invest in the purchase of wood, aluminum plates, and sandpaper in order to continue production.
Robert has been selling through NOVICA since 2000. This is his story:
"I left my brother's workshop to start on my own. Presently, I work along with expert artists, all designers and carvers. I focus on mask design and we work with local Ghanaian woods. I love my art and I hope to produce more interesting designs for my customers."
"It is wonderful to have people like you, supporting artisans you do not know, so we can grow our business and provide for our families. I am very grateful to you all for this microcredit."
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.