Judith is an artisan from El Salvador who specializes in cotton apparel. She would like to invest in a bulk purchase of cotton fabric, as well as in keeping all current artisans in the workshop employed.
Judith has been selling through NOVICA since 2013. This is her story:
"I was born in El Salvador to a large family of seven children and parents who were farmers. They taught us the value of hard work, discipline, and honesty.
"When I was 16, I got married and I had my first daughter at the age of 17. Several years later, my dear Aunt Adelfa patiently began teaching me to sew and embroider; she was a true artist. I perfected my skills and techniques and I developed my own style.
"I've taught many people since then, mostly women such as single mothers, who have been able to support their children with these skills.
"I began in 1973 and, today, I've built up a family workshop. My husband is the administrator and helps with delivering orders. My son takes care of planning, sales, and marketing. I do the designing and look after the production, from start to finish.
"Our main material is cotton fabric, woven by hand in a nearby town. I'm passionate about this art. It is closely related to the history and traditions of our country. My designs use many motifs representative of Maya art.
"I am grateful for the opportunity to receive this microcredit to invest in my workshop. Thank you so much for your support of artisans like me."
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.