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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