Raquel is a Peruvian clothing designer and weaver. She would like to stock up on silk, cotton and alpaca wool for her shawls, scarves and accessories. She also plans to buy equipment for dying the yarn in her workshop.
Raquel has been selling through NOVICA since 2006. This is her story:
Raquel, who works alongside her husband, Gregor, is dedicated to preserving Peruvian textile traditions. "What draws us to weaving is the opportunity to work with natural fibers by rescuing ancient Inca weaving techniques. We love to see the transformation of loose yarns into garments and accessories. We help an Andean community by employing weavers on traditional looms who then help us finish each piece by hand."
"I am very grateful to all of you who collaborate with this cause. This microcredit will help us to continue growing and developing our art, and be able to be at the vanguard with our designs. We want to please all of our shoppers. Thank you!"
Use the link below to view Raquel's alpaca accessories 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.