Sukartini is an Indonesian artisan who specializes in handcrafted jewelry. She would like to invest in a bulk purchase of silver and semi-precious gemstones for her designs.
Sukartini has been selling through NOVICA since 2005. This is her story:
"My mother instilled in me the value of a 'Balinese woman,' including how to prepare temple offerings. At the age of 16, I studied at SMIK (Sekolah Menengah Industri Kerajinan) in Gianyar. In this school, I learned batik, ceramics and other home industries for three years. Back from school, I took an apprenticeship with a silversmith in a village where they specialized in jewelry. Today I work together with local silversmiths to promote Bali's beauty in our own way. We make different kinds of jewelry, mostly with sterling silver, in both traditional and modern styles."
"I need some capital to buy silver to prepare my stock for the holiday season, and this microcredit is a wonderful opportunity. I am glad for this support; it means I can go on crafting jewelry. Thank you so much -- I know this microcredit will keep my business going, and will also help me keep my team of silversmiths working."
Use the link below to view Sukartini's handcrafted 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.