Nov 7, 2011

Over $100,000 in Microcredit Raised!

by Judd Watts

When we started NOVICA, our dream was to connect artisans with customers all around the world. And by doing so, we hoped we could create a better way for artisans to sell their goods to customers worldwide. We had no idea if it would work, but it did!

Last year, when we launched our Artisan Loans, again we had no idea if it could work. Our goal was to give artisans an option for borrowing money because they really didn't have any good options, unless they were willing to pay extremely high interest rates. But in our case, there wouldn't be any interest at all - our lenders would get 0% interest and our artisans would pay 0% interest. Would people support it?

The answer was a resounding YES!

To find out more, please visit our blog.