Adriana specializes in handcrafted silver and gemstone jewelry. She would like to invest in a bulk purchase of the raw materials she needs for her pieces, such as fine silver and natural gemstones.
Adriana has been selling through NOVICA since 2006. This is her story:
Born in Italy, Adriana has lived in Peru most of her life. "I began designing and crafting jewelry as a hobby, something to do in my free time when not looking after my daughters. But it snowballed and today I dedicate all my time to this craft."
"Knowing you value my art makes me happy and inspires me to continue creating new designs that will appeal to people all over the world. Thank you so much for your support by way of this microcredit."
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.