A Kiva great lend.

Up till now I have been looking at the pros and cons of kiva.com.

Now its time to look into an actual lending scenario indepth.

There are some real gems there if you dig around, take a look at this one.

Its a decent sized loan at $6000

To me this is the best part. It's only 9 months long, there is no risk of exchange rate loss and no interest to the lender.

The key here is the field partner NOVICA

Norvica is a very exciting initiative,

as a portal for artists and artisans to sell their goods.

You can even get a good look at what this borrower will spend this working capital on and buy some of his or others goods.

The loan is specifically so that he can purchase silver and gemstones in bulk to produce more of the exquisite jewelry pictured below.

You can brows all his stuff from this link.

http://www.novica.com/kiva/5503

Novica is also unique with its payment terms

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.

From my perspective this is one of the best lending and borrowing options on the site right now.

all pictures are direct links to the respective website under discussion or screengrabs from kiva.com