Wijayana crafts beautiful Balinese jewelry with silver and gemstones. He hopes to develop new designs and make improvements to his workshop.
Wijayana has been selling through NOVICA since 2012. This is his story:
"When I was 10 years old, my parents told me to learn about silver jewelry because someday, when I got older, I'd be able to make a living from this skill. They taught me everything. The way they love their work made me love this world of jewelry. The nicest part of my jewelry is the uniqueness of its style. I'm hoping to receive the microcredit because it will help me a lot to continue creating my jewelry and develop new designs. I also want to expand my workshop so we can work more comfortably. There is nothing I can say but thank you so much for your funding and support."
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.