Komang Agus is a Balinese artisan who crafts jewelry by hand using bone and coconut shell. He would like to invest in a purchase of the raw materials he needs to increase his stock and create new designs.
Komang Agus has been selling through NOVICA since 2011. This is his story:
"The place where I was born is renowned for its alternative jewelry tradition. That is, jewelry crafted with bone, horn, woods, and beads. Growing up here, my creativity and my imagination simply took off. My father is a great wood carver. He taught me a lot and was very patient with me. Now I use those techniques to carve different materials such as bone and horn, too."
"I am so glad to receive your trust by way of this microcredit. My plan is to use it toward increasing my stock and crafting new designs that will please my customers. Thank you for this great opportunity!"
Use the link below to view Komang Agus's handcrafted jewelry on the NOVICA site:
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.