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Juan Luis
Peru's Juan Luis, working alongside his wife, Carmen (pictured at right), specializes in handcrafted jewelry with mate gourds and gemstones. He would like to invest in a bulk purchase of fine silver to increase production.

Juan Luis has been selling through NOVICA since 2006. This is his story:

"We love to let our imagination run free and be as creative as we want to be," Juan Luis confides. "We are inspired by everything we see, even by the discarded pieces from other things we made! We put them together and play with them, like a jigsaw puzzle. I love to see how mistakes can be transformed into beautiful things."

"Thank you from the bottom of our hearts for taking part in this microcredit. It will help us work-wise, and this in turn will benefit our family. We'll be able to prepare a larger stock so we may have more designs and increase our sales."

Use the link below to view Juan Luis's silver jewelry with mate gourds and gemstones on the NOVICA site:

http://www.novica.com/kiva/6054

Additional Information

Important information about Novica

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.

About Peru

  • $6,715
    Average annual income
  • 115
    View loans »
    Peru Loans Fundraising
  • $56,074,975
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Juan Luis to invest in a bulk purchase of fine silver for his jewelry.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Disbursed:
Jul 25, 2013
Listed
Jun 28, 2013
Currency Exchange Loss:
N/A
Ended:
Feb 17, 2014