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Rafael is a Guatemalan artisan who specializes in silver and gemstone jewelry. He would like to invest in a bulk purchase of silver and jade for his designs.

Rafael has been selling through NOVICA since 2013. This is his story:

'I have a great love for jewelry; this is my vocation. In the 1980s, my father learned to create designs with jade. With the passing years, he came to craft very good jewelry. When I was 12, I began helping in the workshop after school and, little by little, I learned the art. I hope to be able to sell my own designs so that my father's dream of having a large workshop can come true. I dream that my wife and I can go to college one day and work hard so that we can give our children everything they need.'

'On behalf of my entire family, I would like to thank each of you for your support and trust through this microcredit. God bless you.'

Use the link below to view Rafael's 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 Guatemala

  • $5,300
    Average annual income
  • 117
    View loans »
    Guatemala Loans Fundraising
  • $11,677,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Rafael to invest in a bulk purchase of silver and jade for his designs.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
At end of term
Jul 11, 2014
Jun 11, 2014
Currency Exchange Loss:
Jun 17, 2015