Diah is a Balinese jewelry artist who specializes in pieces crafted in sterling silver. She would like to invest in a bulk purchase of silver and semi-precious gemstones for her designs.
Diah has been selling through NOVICA since 2012. This is her story:
"I was born in Celuk, renowned for its silversmith legacy. When women get married here, we move to the man's house and follow what our husband decides. Luckily, my husband and his parents taught me to design and craft silver jewelry. My designs reflect me and the beauty I find in life. Jewelry to me is about being a woman, and every woman wants to feel beautiful."
"I would like to use this microcredit to be in a good position to expand my sales during the upcoming holiday selling season. Thank you for your support!"
Use the link below to view Diah's sterling 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.