Despite the beauty and richness of their artwork, many Indian artisans currently live below the poverty line, subsisting without the most basic amenities like adequate shelter, a healthy diet and basic medical care. Most of them have no option but to take loans from local moneylenders at exorbitant interest rates in order to buy the supplies they need to practice their craft. Every year more artisans are forced to abandon their traditional vocations and take menial jobs just to help their families survive. Here’s how you can help. When you choose to lend to a MyMela artist group, you are making an investment in the well-being of the families that comprise that group. The money your loan provides will enable them to purchase materials, make capital improvements or train other workers. At no time is the artist group charged any interest for the loan they receive. Learn more about How MyMela Loans Work.
Each month you will receive a repayment credit on the MyMela marketplace equivalent to a third of your loan amount plus a 10% bonus. This credit will vary based on the dollar amount of your loan which will be fully repaid within 3 months. It is yours to use as you wish; shop for more beautiful hand crafted works of art or choose to invest in another artist group. Either way, you are continuing to support talented Indian artisans while enriching your life with the beauty of their handmade traditional crafts. Join the celebration! Learn more about How MyMela Credits Work.