Tina is a Ghanaian artisan who specializes in handcrafted jewelry with traditional beads. She would like to invest in the purchase of larger quantities of stone, silver, wood and bone beads. Since these beads come from Cameroon, Abidjan, and Mali, she can get a better price by purchasing larger amounts.
Tina has been selling through NOVICA since 2001. This is her story:
"I am a descendant of the Ga Mashie royal family, and when I was just three weeks old my father died. I wanted to be a teacher, but to cope with difficult financial times I taught reading classes while I trained in auto spraying. I also worked at a textiles company during the week and at the weekends I made beaded jewelry for personal customers and to sell at street markets. I've always been interested in working with underprivileged children, as I too suffered many hardships as a child. I started a program called 'Children In Need' in 1996, and I started teaching them our traditional bead making crafts. My designs are influenced by Ghana's varied cultural and artistic traditions, of which I've become an expert. I feel blessed with my talent, and I feel it is my responsibility to teach my craft to others."
"Thank you and may God bless you. The Bible says that 'whatever you do for your neighbor it shall be seen in heaven,' so I believe He is aware of your participation in 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.