This is 32-year-old Lalita . She is married and has two children, aged 13 and 8. In 2007, she established her coral carving business. Working seven days a week and seven hours a day, she supports her family. This is her fifth loan from Patan BPW, which she has used to increase her inventory of coral. In the future, Lalita plans to expand the business. She thanks you for your support. In Nepal, large supermarkets are rare. Instead, most items can be found in the small, densely packed pasals that line the streets of every city and village. Piled high with utensils, paper goods, and anything else one would need, these stores are your one-stop shop in Nepal. Although usually packed into a space no larger than 100 square feet, these stores carry a sizeable and diverse inventory. With the help of a Kiva loan, pasal owners are able to keep inventory up and their customers happy. Competition is fierce, but with extra capital and a bit of creativity, the opportunity for profit is there.
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.