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Karina Mercedes
Karina is an artisan in Guatemala who specializes in leather handbags featuring traditional weavings. To continue production she would like to invest in the purchase of quality leather as well as hand-loomed textiles.

Karina has been selling through NOVICA since 2011. This is her story:

"I was born in the capital, but I lived for nine years in the picturesque village of Amatitlan. At college, I'd spend vacations creating clothing collections based on our beautiful handwoven 'jaspe' fabric. Today my leather handbags feature insets of the beautiful brocades woven by Maya women on backstrap looms for 'huipil' blouses. Their weaving motifs date back more than 1,200 years."

"I have always loved the traditional 'huipiles' (blouses and dresses) that women wear in Guatemala, and so I looked for a way to promote their art and work closely with them. I want to thank you for your support and trust, especially through this microcredit. It will help generate more work and income for me and for many women in the community for the next several months."

Use the link below to view Karina's handbags 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 Guatemala

  • $5,300
    Average annual income
  • 55
    View loans »
    Guatemala Loans Fundraising
  • $12,553,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $300 helped Karina Mercedes to purchase raw materials such as quality leather and hand-loomed textiles.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Sep 10, 2012
Aug 11, 2012
Currency Exchange Loss:
Sep 17, 2013