Antonio is a Peruvian artist who handcrafts wood jewelry boxes and home decor accessories. He would like to stock up on pine and mohena woods and special kinds of lacquer he uses in his work
Antonio has been selling through NOVICA since 2005. This is his story:
"I'd describe my work as life itself, and my existence together with it. When I was only 17, I created my first piece and it was an immense satisfaction. Art guides my hands in that moment of pleasure as I begin a design. My pieces are inspired by the olden times and reflect the style of vintage pieces. They transmit my love for life and for nature — its flowers, birds and all the rich flora and fauna of our country."
"I'm very grateful for the support you offer craftspeople who dedicate our lives to this art. With this microcredit, I'll be able to buy supplies — mainly wood — in good shape for finishing. Summer is almost over here and the wood is dry and ready to use."
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.