Evans is a Ghanaian artist who specializes in carving masks and sculptures. He would like to make a bulk purchase of wood and metal plates to increase production.
Evans has been selling through NOVICA since 2002. This is his story:
"As of now, carving has made me the breadwinner of my family - they all look to and count on me for their day-to-day survival. My products have been taken to craft markets in France and Germany by a good friend, and these markets have shown wonderful and incredible interest in them. This has earned me a place to attend various arts and craft fairs both locally and internationally. I have showcased several of my products at these fairs, gaining admiration from my customers and art critics."
"I appreciate your kindness by being part of this microcredit. Your gesture will help me to prepare my stock of products with all the materials I can now afford. I thank you so much for this help."
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.