Diah is a Balinese artisan who specializes in handcrafted sterling silver jewelry. She would like to invest in the purchase of silver to prepare a stock for the holiday season.
Diah has been selling through NOVICA since 2006. This is her story:
"I'm from Jogja, in Central Java. I started to work seriously with silver the first year I lived in Bali, around 1995. The unique culture, charm, and beauty of this paradise island have become my never-ending source of inspiration. My main jewelry themes are flowers, animals, stars, the moon, sun, cultural symbols and other ornamentations. There are four people from my village who help me craft my designs. Designing and my family are my priorities in life. My family – especially my husband – gave their best support to what I've been doing and I am really thankful for having them in my life."
A message from Diah: "I would like to express my gratitude to all of you for this microcredit. With your support I'll be able to craft more products which I hope you'll be able to see and like. Your microcredit made it possible! Thank you."
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.