Jose is a Guatemalan artisan who specializes in hand-carved sculptures and masks. He would like to invest in wood, saws, paints, and sandpaper for production.
Jose has been selling through NOVICA since 2010. This is his story:
"I learned my craft from my father. When I was younger he would only allow me to sandpaper a piece, and as I got older he would let me paint too. It wasn't until I was older that he'd finally let me carve the wood. I remember well the first piece I ever did completely on my own: an angel. I put it among the things my father took to the market to sell, and then I lost track of it! I hope it got sold to someone who appreciated it because at the time I was only an apprentice."
A message from Jose: "Sales at the market have gone down this year, making it hard to purchase the materials I need. That's why I am so grateful for your support through your microcredit, because it will make it possible for me to continue carving and working on new products. Thank you very much, and may God bless you."
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.