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ARTISAN LOANS

Microcredit for Artisans at 0% Interest
$844,447

Lent to artisans so far!

FIND A LOAN
  • 1

    SELECT AN ARTIST

    Choose from a list of artisans who are looking to expand their business and need your help!

  • 2

    MAKE A LOAN

    Lend $10, $25, $50 or more through our simple, secure interface and make an artist smile

  • 4

    LEND AGAIN

    Once repaid, why not recycle the funds and make another loan? Your funds can impact many artisans over time.

  • 3

    GET REPAID

    Artisans are not charged any interest, making it easier for them to repay their loan on time.

MICROFINANCE - WHY LEND TO ARTISANS?

NOVICA CUTS OUT THE FINANCIAL MIDDLEMEN

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In a climate where the world's most challenged entrepreneurs are subjected to painfully high interest rates, we've cut out all the financial middlemen and, in true NOVICA fashion, taken matters into our own hands.

We are proud to have launched the first-ever microfinance website where customers can purchase products and lend money directly to artisans, with loans at 0% interest!

GOOD FOR LENDERS

Providing microfinance to the very same artisans from whom we can also purchase gives us a a very strong feeling of connection.

Once repaid, you can lend again, withdraw your funds, or convert them into NOVICA online store credits. When converting loan credit to store credit, you earn a 15% bonus - giving you more funds to purchase from your favorite artisan.

GOOD FOR ARTISANS

Having access to microcredit with 0% interest is a real boost to the business of an artisan.

Their payback period is guided by their sales on the website, so if they have a slow month - their repayment for that month is less.

With extra funds, they now have the cashflow to purchase larger quantities of materials, and are able to produce more, and sell more.

WE ARE NOW PARTNERS WITH

Kiva
  • In 2012 we became one of Kiva's official field partners - opening up our artisan microcredit program to almost 1 million lenders on Kiva's microfinance platform.

    Running alongside the loans currently funded on our own website, this partnership means we are able to fund a larger number of artisans at a greater speed, and introduce more people to NOVICA artisans.

    Visit our page on Kiva

Help promote artisan microcredit

0% Interest for artisans.... are we crazy?! It sounds too good to be true, but this concept is only made possible by our unique ability to cut out the financial middlemen. In addition to dispatching all customer orders, our regional offices across the world can now also serve as disbursement centers for Artisan Loans, providing artisans direct access to the credit they need to grow their businesses.

Also, If we're receiving 0% funds from customers and lenders, we feel we should charge 0% to our participating artisans. Our economic incentive is for each artisan to grow their business and be successful.