Wayan has been selling through NOVICA since 2004. This is his story:
"Most of my family members are carvers, for it is a family legacy that has endured several generations. You could say I was born with a talent to carve, which I developed by merely observing my parents and relatives at work every day. My inspiration comes from Balinese customs and traditions. Competition is hard here in Bali, for there are many expert carvers, making the life of a carver a very uncertain one. It means that I must excel, so hopefully my sculptures will be accepted."
"Thank you so much for the possibility to get this micro-credit loan. The money will help me buy wood so I can continue working. My wish is that this program can always continue and artisans can get support for our small businesses."
Use the link below to view Wayan's wood sculptures on the NOVICA site:
Important information about NovicaNovica 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.
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