According to Carmen, the most difficult part of running a small store is the administration. Before purchasing Tiendatek, Carmen would try to estimate her sales and profits using a notebook and a calculator but found it to be impossible given the number of different products in her inventory and her sales volume. Today, thanks to Tiendatek, she knows everything about her business and feels much more in control. She has also noticed that her clients trust her more now that she uses technology to register sales. Carmen plans to invest more money in her store soon so she can continue to increase her sales and profits.
More information about this loan
Frogtek is a for-profit social venture that makes Tiendatek, a software and hardware package for micro-entrepreneurs in emerging markets to better manage their finances, inventories and records. The software helps borrowers by showing them how to trim expenses, stock the right inventory and maximize profits. Kiva loans are used to help borrowers finance the purchase of the hardware to run Frogtek software. In this way, Kiva is providing access to the tools people need to grow their businesses and lift themselves and their families out of poverty. Shopkeepers make their first payment when they receive Tiendatek. The Kiva loan finances the cost of the hardware.
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Success!! The loan was 100% repaid