Oscar is a Peruvian artisan who specializes in leather and wood home accents.
He would like to purchase leather and hardwoods such as mohena, cedar, and tornillo, as well as in paints, sealers, and lacquer.
Oscar has been selling through NOVICA since 2004. This is his story:
"When I was 10 years old my father died, leaving me no choice but to work at different jobs. One day, when I was 12, I came upon a carpentry shop where I discovered my vocation for working with wood and leather. I resolved to master the craft, and I did so on my own, learning each step and improving every detail. Now I have my own workshop. I see my work as an art form, not just something to be sold, and my work fills my life in a way I cannot explain."
"I would like to thank you for appreciating Peruvian arts and crafts, and for supporting my work through this microcredit. Rest assured I am a hard working person and my products are always of the highest quality because I put my heart, time, and best effort into every piece I make."
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.