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Ismael
Ismael is an artisan from Mexico who specializes in metal art. He would like to invest in a bulk purchase of raw materials, including sheet metal, paint, and metal profiles.

Ismael has been selling through NOVICA since 2003, working under the artistic name "J. Blas". This is his story:

"When I was 17, I started my own ceramic workshop. But I changed directions and began to work in wrought iron and blown glass. I experimented with sheets of iron to give my works more movement. We cut the metal sheets, hammer them into shape and weld them before treating them against rust. Every piece created at my workshop goes hand in hand with originality, design and quality. We are always developing new designs and products.

For us artisans, this microcredit represents a very important source of support. It allows us to improve our working conditions and motivates us to continue working every day to improve our craft. Thank you!"

Use the link below to view Ismael's metal wall art on the NOVICA site:

http://www.novica.com/kiva/3675

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.

Tags

About Mexico

  • $11,249
    Average annual income
  • 21
    View loans »
    Mexico Loans Fundraising
  • $18,212,450
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $5,000 helped Ismael to invest in a bulk purchase of raw materials, including sheet metal, paint, and metal profiles.
58% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
At end of term
Disbursed:
Sep 8, 2014
Listed
Aug 9, 2014
Currency Exchange Loss:
N/A