Mina is 50 years old, married and has two children who are 32 and 35 years old. In 2000, she opened a grocery store and now works seven days a week, 10 hours a day to support her family. She has already repaid four loans from Patan BPW and used her most recent one to buy goods to sell. She is very committed to improve her family's economic conditions and thanks Kiva lenders for their support.
In the Kathmandu Valley, small grocery stores called pasal are an important part of the local economy where people buy produce, milk, and staples such as rice, lentils, and flour to cook when they get home. Owners of small grocery stores use Kiva loans to increase their purchasing power and profit margins. By keeping inventory high and purchasing in larger amounts, owners of these small stores are able to increase their profitability. While a typical pasal might be no more than 100 sq. feet, they are always full of customers, produce, and shrewd businesswomen.
This loan was administered by Kiva's local partner MFI, the Patan Business and Professional Women. Patan BPW became Kiva's first field partner in Nepal in 2007. Patan BPW operates throughout the Kathmandu Valley, offering microcredit and business training programs to low-income women. Patan BPW also seeks to empower Nepali women within the home and community.
About BPW Patan
This loan was administered by Kiva's Field Partner, Patan Business and Professional Women. BPW Patan became Kiva's first Field Partner in Nepal in 2007. BPW Patan is continuing to operate after the serious earthquake which took place in Nepal in April 2015. Given the difficult circumstances borrowers and partners face post-natural disasters, these loans may therefore carry additional risk. BPW Patan operates throughout the Kathmandu Valley, offering microcredit, business training, and literacy classes to low-income women in both urban and rural areas. BPW Patan uses a group lending methodology, which not only allows women without collateral to access finance, but also provides members with a valuable support system. In addition to providing economic opportunities to its clients, BPW Patan seeks to empower Nepali women within their homes and communities. For more information about BPW Patan, visit the BPW Patan Partner Page and keep an eye out for new loans and borrower updates. Also, please consider joining the BPW Patan Lending Team to show your support.