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Gregorio
Gregorio is a Mexican artisan in Oaxaca who weaves traditional Zapotec rugs from wool tinted with organic dyes. He would like to invest in a bulk purchase of raw materials, repair the netting on his looms, and make improvements to his workshop.

Gregorio has been selling through NOVICA since 2004. This is his story:

"My grandmother would take me to buy wool. She'd wash it, card it, spin it and dye the yarn. This job is traditionally done by women. By the age of 12, I could reach the pedals of the handloom. Ever since, I've woven rugs, and now my sons have also learned our craft. My favorite patterns are of mountains and rows of diamonds because they remind me a lot of my father. I feel proud that my sons also weave. We are able to support our families without having to leave home.

"I would like to congratulate all of you on this wonderful initiative, and thank you for the support you offer to me and my family."

Use the link below to view Gregorio's Zapotec wool rugs on the NOVICA site:

http://www.novica.com/kiva/4534

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

  • $15,600
    Average annual income
  • 21
    View loans »
    Mexico Loans Fundraising
  • $18,753,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $2,800 helped Gregorio to invest in a bulk purchase of raw materials, repair the netting on his looms, and make improvements to his workshop.
99% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
At end of term
Disbursed:
Sep 16, 2014
Listed
Aug 19, 2014
Currency Exchange Loss:
N/A