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Balinese artisan, Buana, specializes in handcrafted jewelry. He would like to invest in the purchase of natural gemstones and silver to prepare new designs and increase his stock.

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

"I've been surrounded by handicrafts all my life. I am thankful to God for giving me such a great gift, so I can make a living for my family. Not much, perhaps, but enough for our simple way of life.

"This microcredit will go towards purchasing the materials I need. My deepest gratitude to all of you, for your support and for making this microcredit happen. Thanks!"

Use the link below to view Buana's handmade jewelry on the NOVICA site:

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 Indonesia

  • $5,200
    Average annual income
  • 12
    View loans »
    Indonesia Loans Fundraising
  • $5,461,825
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,850 helped Buana to invest in the purchase of natural gemstones and silver to prepare new designs and increase his stock.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
At end of term
Sep 5, 2013
Aug 9, 2013
Currency Exchange Loss:
Dec 17, 2013