Both Mrs. N. and her husband are engaged in selling traditional stone statues. They started this work five years ago. They buy ready-made traditional statues and sell them in their shop. For this job business owners need lots of capital to invest in their shop.
Nowadays the demand for these traditional statues is increasing constantly. So to meet the demand of the customers, Mrs. N. is requesting a Rs 30000.00 loan to buy traditional stone statues to meet the demand of the customers. Their main targeted customers are foreigners.
About BPW PatanThis 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.
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