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:
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.