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Komang specializes in handcrafted jewelry. To increase production, he would like to invest in the purchase of raw materials such as sterling silver and semiprecious gemstones.

Komang has been selling through NOVICA since 2010. This is his story:

"I wanted to create silver jewelry ever since I was in elementary school. By the time I was in junior high, I was crafting my own pieces, thanks to a friend's parents who are silversmiths. When I finished high school, I set up my own workshop and started crafting jewelry there. Creating new designs is very exciting."

"This microcredit project really assists artisans like me who are trying to expand their business. Thank you so much for your support, it means a lot to me."

Use the link below to view Komang's sterling silver and gemstone 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
  • 136
    View loans »
    Indonesia Loans Fundraising
  • $6,318,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Komang to purchase raw materials such as sterling silver and semiprecious gemstones.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Nov 6, 2012
Oct 11, 2012
Currency Exchange Loss:
Jul 1, 2013