Alicia is a co-founder of the Manuela Ramos Movement, a feminist organization whose goal is to attain conditions of equality amongst women and men, as well as a plural and democratic society where human rights and social justice prevail. She would like to invest in quality yarns for the group's alpaca wool and alpaca blend fashion accessories.
Alicia has been working with NOVICA since 2008. This is the story of the group she helped found:
The Manuela Ramos Movement came to life in Peru in 1978. The group contributes to the development and strengthening of women's skills and abilities with a view to promoting and exercising their civil and human rights. The group uses ancestral techniques in the creation of a broad range of hand-knitted and crocheted alpaca accessories.
Says Alicia, "Many thanks for funding this microcredit. We'd like to create a new collection of designs that you'll feel proud to wear, and we want to feel satisfied with the results. May God bless you!"
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.