Total loan: $425
Thecho, Central Development Region, Nepal / Retail
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Jugmaya's loan finished fundraising,
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A loan helped Stock for Grocery Store.
Jugmaya M., 51, is married with two children. Her 25 year-old daughter is married and no longer lives at home, while her 24 year-old son still lives with Jugmaya and her husband. Working seven days a week and at least 12 hours a day, she supports her family. She has already received, and successfully repaid, six loans from BPW Patan and will use her most recent loan to buy additional grocery goods for her business. She thanks you for your support. In the Kathmandu Valley, a small grocery store, called a "pasal," is an important part of the local economy. Fresh produce, milk, and staples such as rice, lentils, and flour are purchased daily for cooking in the home. Owners of small grocery stores use Kiva loans to increase their purchasing power and profit margins. By keeping inventory strong and purchasing in larger amounts, owners of these small stores are able to increase profitability. While a typical pasal might be no more than 100 sq. feet, they are always full of bargaining customers, incoming produce, and shrewd businesswomen. This loan was administered by Kiva's local partner MFI, Patan Business and Professional Women.