Nono specializes in traditional Indonesian rod puppets. He would like to invest in a purchase of raw materials such as wood and fabric.
Nono has been selling through NOVICA since 2008. This is his story:
Rod puppets, or wayang golek, are one of Indonesia's most original art forms, especially popular in West Java. Making wayang golek is a skill handed down from one generation to the next. Master puppeteer Nono was taught by an uncle, while another uncle, a renowned puppet master, taught him how to perform. Nono must know the stories, histories, personalities and conventions of gods and heroes. The puppeteer also sings and directs the gamelan musicians as he performs.
"I want to convey my gratitude to all of you who are supporting me with this microcredit loan, as it will make it possible for me to acquire the materials to build up my stock. I hope you like my work and consider my rod puppets to decorate your home. Thanks!"
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.