Ana Cristina is an artist in Peru who specializes in hand-crafted jewelry. She would like to invest in a bulk purchase of silver, leather, and gemstones for her designs. She has been selling through NOVICA since 2005. This is her story:
"Since childhood, I spent most of my time drawing. I had always wanted to learn jewelry design, and I finally took a two-year course. Then I followed my husband, who traveled frequently to Bogota. There I gained experience in jewelry workshops and learned practically every technique. Each stone inspires my designs.
"I would like to thank everyone for their support through this micro credit, which allows us to acquire materials and keep up with demand."
Use the link below to view Ana Cristina's hand-crafted jewelry on the NOVICA site:
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.