Giuliana is a Peruvian artisan who crafts sterling silver jewelry. She hopes to stock up on sterling silver while its price is low, and to develop a good supply of designs.
Giuliana has been selling through NOVICA since 2005. This is her story:
"As a child, I loved creating my own jewelry to wear at parties, or to give as gifts to friends. In college, I signed up for elective courses in jewelry making, where I learned the essentials of the craft. For me, this was a hobby I kept refining and perfecting. I was still taking courses when my husband passed away. At that point, I quit school to seek a steady job to support my young son. That has been the greatest challenge of my life. I decided to set up my own workshop where I could develop my jewelry designs. My designs speak of tradition yet are modern, and they feature the harmony between metal, pearls and gemstones. I'd like to show the world the hand-crafted filigree styles developed in Peru over the centuries. I have researched the theme at length and my findings have led me to experiment with many great materials. Andean opal is my favorite."
"I'd like to thank you from the bottom of my heart for helping to fund this loan. Many thanks for your generous support. Please know that all my designs will be made with the highest quality, crafted with total dedication and echoes of love."
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.