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Delfina
Mexico's Delfina specializes in hand-loomed Zapotec rugs. She would like to invest in a bulk purchase of wool yarn for her rugs.

Delfina has been selling through NOVICA since 2011. This is her story:

Delfina grew up with parents who were Zapotec rug artisans.

"When I was 18, I created my first piece. This is the art my parents dedicated their lives to, and it's what I know best," she says. "Through your support I'm able to preserve a family tradition. I appreciate your microcredit. It helps [us] to keep our dreams alive and continue doing what we love. Thank you."

Use the link below to view Delfina's Zapotec wool rugs on the NOVICA site:
http://www.novica.com/kiva/7876

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 Mexico

  • $15,600
    Average annual income
  • 20
    View loans »
    Mexico Loans Fundraising
  • $19,058,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Delfina to invest in a bulk purchase of wool yarn for her rugs.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
At end of term
Disbursed:
Jul 31, 2013
Listed
Jun 30, 2013
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2014