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Nyoman specializes in handcrafted sterling silver jewelry. He would like to invest in the purchase of larger amounts of silver to expand production.

Nyoman has been selling through NOVICA since 2003. This is his story:

Nyoman recalls, "My first exposure to the arts was in elementary school, when I began learning to carve wood. My grandfather, an architect of traditional Balinese buildings and also a senior carver, was very supportive of me. Later, my father introduced me to a leading silversmith in my village, and I began to learn from him." Today, Nyoman makes good use of his wood carving ability, combining it with his silver work to produce a variety of intricate designs.

"A million thanks for your attention and support! This interest-free microcredit will allow me to increase my production capacity, which I hope will translate into increased sales. Thank you!"

Use the link below to view Nyoman's sterling silver jewelry on the NOVICA site:

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.

About Indonesia

  • $5,200
    Average annual income
  • 46
    View loans »
    Indonesia Loans Fundraising
  • $6,157,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,850 helped Nyoman to purchase silver in bulk and expand production.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
At end of term
Aug 21, 2012
Jul 19, 2012
Currency Exchange Loss:
Nov 15, 2012