Ploy is an artisan in Thailand who specializes in handcrafted jewelry and accessories. She would like to invest in the purchase of sterling silver in bulk for her designs.
Ploy has been selling through NOVICA since 2000. This is her story:
"Although silversmithing is my passion, I have not always been a silversmith. I have a medical condition, and I cannot sit for long periods of time, as is required in many workshops. I took up various jobs, including selling food and working as a housekeeper, but in the end silver called me back! Now, working for myself with great enthusiasm, I am able to set my own hours, so as not to tire to extremes. And this really makes me happy!
"Thank you everyone for this microcredit, because it will help me purchase the silver I need to prepare for the upcoming holiday season."
Use the link below to view Ploy's handcrafted 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.