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Gusti is a Balinese artisan who specializes in wood carvings. He would like to invest in wood and additional labor for production. He has been selling through NOVICA since 2003. This is his story:

"I was born to a family of farmers, so I worked after school. We were six children, so my parents could hardly invest in our continued education. I also took a part-time job finishing and adding color to art products. Since school, my art work has always been admired. Once I graduated from a technical school, a friend suggested painting on a piece of wood, and the result was very nice. I thoroughly enjoyed it and have been dedicated to this art form ever since."

"I am glad for this opportunity and I am really thankful to you out there for your support with this microcredit loan. You also motivate me to work more and craft more pieces. Thank you so much!"

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
  • 87
    View loans »
    Indonesia Loans Fundraising
  • $5,738,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Gusti to invest in wood and additional labor for production.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Oct 9, 2013
Sep 11, 2013
Currency Exchange Loss:
May 17, 2014