Ana Maria is a Peruvian artisan who specializes in handcrafted copper and bronze masks and vases. She needs to buy copper and bronze to continue crafting her designs.
Ana Maria has been selling through NOVICA since 2001. This is her story:
"For 24 years I have dedicated myself to metalwork in the city where I married. My husband is an able jeweler from whom I learned the art of working with silver and plaques. Today we have a small family workshop in which my children are also involved, and we work together with dedication, constantly developing new products. In my work I seek to recover the folklore and joy of the Andean people.
"I'd like to send a big hug and kiss to those of you across the miles who are funding this micro-credit. Many thanks for supporting my work. I want so much to grow as a person and as an artisan!"
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.