Kenari is an Indonesian artisan who specializes in silver jewelry. She would like to invest in a purchase of silver and gemstones for her designs.
Kenari has been selling through NOVICA since 2006. This is her story:
"I come from Celuk, famous for its gold and silversmiths, so I learned to design and craft jewelry from a very young age. In 2003, I married an artist from Gianyar and went to live with his family, like Balinese tradition dictates. However, I obsessed with crafting jewelry and fortunately, my husband understood."
"Now is the time to prepare items for the busy holiday season. I need some capital to buy silver and gemstones. For all of you who support me through the loan, my great thanks to you! This helps me develop my business. I hope this program will be always there because this can help small businesses like mine, which also benefits the silver artisans that work with me."
Use the link below to view Kenari's silver jewelry 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.