Byron is an artisan in Guatemala who works in wrought iron using traditional forging techniques. He hopes to purchase raw materials such as iron to increase production.
Byron has been selling through NOVICA since 2010. This is his story:
'I work in wrought iron. All my designs are completely original and crafted by hand. The wrought iron is created with fire and a forge. I never liked school much. All my life, what I've been passionate about is my work, my art. I have two daughters who are the light of my life. Someday when they're grown up and have their own families, I'd like to teach my art to my grandsons."
A message from Byron: "I want to thank all of you good-hearted people who assist individual artisans like myself. The economic situation right now is tough and I want to craft designs for Christmas sales. Thank you very much!"
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.