Ghanaian artisan Godfred specializes in hand-carved African masks. He would like to invest in the purchase of wood, metal plates and sandpaper for production.
Godfred has been selling through NOVICA since 2010. This is his story:
"As a child, I used to make boats with worn-out metal utensils, which I'd float in water. Due to financial constraints, my parents could not further my education and so I had to drop out of school and join my uncle, who was a wood carver. Thanks to the woodcarving, I've been able to educate my four children and I know that with constant sales, I'll be able to give them a brighter future than I had. This motivates me to wake up each day to carve!
"I really do not know where I would be now if it wasn't for the support I have been receiving from you through your contributors to this microcredit. I thank you so much."
Use the link below to view Godfred's hand-carved wood masks on the NOVICA site: www.novica.com/kiva/7252
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.