Gabriel is a Guatemalan artisan who specializes in handcrafted jewelry. He wants to purchase sterling silver and jade to continue production.
Gabriel has been selling through NOVICA since 2012. This is his story:
"I remember when I was 17 years old how much I admired the work that my brother was doing, and how he was also succeeding financially. I admired the fact that whereas before he had to go from place to place on his bicycle, he was able to save enough to get a motorcycle. From working in an auto shop, he had started working at a jewelry workshop and was doing well. I told him I wanted to learn, and he helped me get a job at the workshop.
Thanks to the help of the workshop owner, the other artisans, and especially my brother, little by little I learned more and developed my skills. After some years, constant training and a lot of effort, I decided to start my own workshop. Like with every new beginning, it was tough at first and I worked very hard to get ahead. It's been more than 30 years since I got started in handcrafted jewelry. Now is when I most treasure what I enjoy doing, because it has allowed me to bring food to the table and provide my children with an education."
"I never imagined I could receive this kind of help. Many thanks to all of you who help support artisans like me who work hard every day. May God bless 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.