Carlos is a Peruvian artisan who specializes in handcrafted jewelry. He would like to invest in a bulk purchase of silver and natural gemstones.
Carlos has been selling through NOVICA since 2006. This is his story:
"My father was my guide in the world of art. He was a jeweler and worked at his craft day and night. I was curious about it but didn't really give it much attention. As an adult, I'd go to the mountains to trade scales for grams of gold. And this is how I became enthused about jewelry. One day, I stayed watching my father and he suggested I pay close attention to what he was doing. In this way, I began to learn each detail of every piece. I never attended workshops or courses, as my father was my teacher, although he never gave me a formal class. I learned myself by observing, and never let a single detail get past me. These days I get up at night to sit and design quietly."
A message from Carlos: "First of all, please receive a big hug for your support through this microcredit. It warms the heart to know there are people out there who are willing to help without expecting anything in return. And you have my word that every piece of jewelry I make will be crafted with high quality materials and loads of love!"
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.