Asunta is an artisan from Peru who specializes in reverse-painted glass mirrors and trays. She would like to invest in a bulk purchase of raw materials, including glass, wood, lacquer and varnish.
Asunta has been selling through NOVICA since 2000. This is her story:
“At first my husband’s family taught me, then we united our skills and labor. I realized that the more I practiced, the more this craft won me over, offering me tremendous gratification. Now I consider it a way of life. This whole process demands incredible patience and attention to detail. My designs are inspired by nature, and by traditional scenes from my town and region. I feel very proud of the works that I create.”
“This will be my fourth loan through Kiva, and your past support has been of great benefit to me and my family. Thank you!”
Use the link below to view Asunta’s reverse-painted glass mirrors and trays on the NOVICA site: http://www.novica.com/kiva/1028
This loan is special because:
More about this loan
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.