Armando and his family are Mexican artisans who transform metal scraps and used car parts into original sculptures. He'd like to buy materials and also a machine for soldering his metal art.
Armando has been selling through NOVICA since 2005. This is his story:
"I was born in a Mexican town famed for its traditional artistry, but I dreamed of creating something new. As a child I enjoyed inventing toys and soon yearned to create a unique style of art. Environmentally enamored, I now transform recycled goods. I began to craft figures from scrap and discarded mechanical parts, mostly from cars and bicycles. Thanks to the creativity that God gave me, today I have an enjoyable and better way of life."
A message from Armando: "Thank you for your concern for artisans like us. Your loan is helping us to have a better life, and you will always be in our prayers."
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.