Samuel is a Ghanaian artisan who specializes in ceramics and handcrafted jewelry. He wants to buy clay for his handcrafted ceramics and also the soapstone he uses in his jewelry.
Samuel has been selling through NOVICA since 2000. This is his story:
"With a background in arts, I decided to specialize in ceramic artistry. There are more than 70 women training with me, and they come from various villages, mostly from the Volta Region. They specialize in traditional pottery and I introduce contemporary designs. I also design and craft jewelry. I use materials such as soapstone powder fired and finished in a similar manner as my ceramic ornaments collection. I design and craft every bead by hand at my workshop."
"I thank all of you for your generous assistance. I promise to produce some new designs to show my gratitude."
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.