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Emilio
Emilio is a Peruvian artisan who specializes in dried mate gourd art. He would like to invest in the purchase of gourds and tools for production.

Emilio has been selling through NOVICA since 2006. This is his story:

"I was born in Huancayo, Peru. This art is in my blood. It's something that is born from generation to generation, carried by a magical world toward natural materials. Through my own initiative and desire to learn, my eyes saw and my hands created. This is how I began in this wonderful world, trying to create and create.

"I am so happy and grateful to be considered for this microcredit. With it, I'll be able to purchase the materials and tools I need to craft the items for this year's sales, so thank you very much."

Use the link below to view Emilio's mate gourd décor on the NOVICA site:

http://www.novica.com/kiva/6001

Additional Information

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.

About Peru

  • $12,000
    Average annual income
  • 130
    View loans »
    Peru Loans Fundraising
  • $57,388,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $400 helped Emilio to invest in the purchase of gourds and tools for production of his art.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Disbursed:
Mar 10, 2014
Listed
Feb 3, 2014
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2014