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David
David is a master weaver in Peru, specializing in beautiful Andean rugs and tapestries. He would like to stock up on wool and dyes for his creations.



David has been selling through NOVICA since 2000. This is his story: his grandparents and parents were weavers, who learned this trade from their predecessors. He essentially learned through observation. Nevertheless, he has taken several textile courses. His work focuses on resuscitating his ancestral culture and linking it to the present. He works with his family, and their materials include wool, cotton, and both natural and industrial dyes. For the natural dyes, he cultivates the plants such as walnut, tare, molle and alder.



He explains further that he is developing tapestry collections using a new technique. He is excited at how well they've been received. And he feels proud that he can carry on his Andean beliefs, customs and myths through his work. He thanks you all so much for your help.

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.

Tags

About Peru

  • $6,715
    Average annual income
  • 73
    View loans »
    Peru Loans Fundraising
  • $53,936,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped David to purchase additional wool and dyes for his weaving business.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Disbursed:
Oct 23, 2013
Listed
Oct 8, 2013
Currency Exchange Loss:
N/A
Ended:
May 17, 2014