Luis is an artisan from Peru who specializes in handcrafted jewelry. He would like to invest in a bulk purchase of silver and natural gemstones. Luis has been selling through NOVICA since 2006. This is his story:
"My childhood was spent appreciating natural beauty, like the Pacific Ocean with its colorful fish, blue waters, sand, rocks and sunsets. In the Andes, I came into contact with the culture of my ancestors, the Inca. Then I visited the Amazon rainforest. I began designing jewelry and then went on to craft everything I see in silver and precious stones. Some of my friends tell me I'm a dreamer. I tell them that the only way to create is first to dream."
"Thank you so very much for encouraging me to try new designs - I feel proud of what I am achieving and it's all thanks to you. My family and my community feel the same way. And thanks for this microcredit, because it is helping my business grow with the new designs and finishes I have created."
Use the link below to view Luis's handcrafted silver jewelry on the NOVICA site:
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.