Nestor is a Peruvian artisan who creates beautiful apparel and throws in Andean alpaca wool. He wants to buy yarn in the colors of this season's fashion trends for production.
Nestor has been selling through NOVICA since 2002. This is his story:
"I hail from Peru's Puno region, renowned for quality alpaca and sheep wool. When I first began to weave, I worked on the rustic looms I built along with other family members. We sold our wares at local markets until we were able to acquire modern machinery, which in turn allowed us to develop newer designs.
"My thanks to all of you who are collaborating in this wonderful gesture. With your help, I'll be able to buy materials for this entire year, specially dyed in the colors of my new designs. Muchas gracias!"
Use the link below to view Nestor's alpaca apparel and throws 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.