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Please Consider Lending $25 to this Entrepreneur

posted May 14, 2011, 11:53 PM by Dustin Romero   [ updated May 15, 2011, 12:32 AM by Dustin Romero ]

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     Rosa Elba and her husband are a family of salespeople who, for one year, have owned a business selling tacos and gringas which are traditional food in the region. The tacos consist of meat with red spices which are cooked on a spit and then put on a small corn tortilla. 'Gringas' are the same meat with cheese but on a flour tortilla and served with cilantro, onion and salsa. Their business is located on a very busy avenue, in a district far from the city where there are few businesses.

    The couple prepare the food themselves to sell to their customers at a low price and this is their only source of income. For this reason, Rosa Elba would like to buy raw materials such as meat, spices and tortillas so that they can continue making income to cover their family's expenses.



    
    Each Sunday we like to showcase a new entrepreneur on Kiva.org. These entrepreneurs are business people in poor economies that have little access to working capital that they can use to grow their businesses and improve their livelihoods. We have been blessed with access to enough money to start our business and we like to pay it forward to others who are working to grow their business. Kiva.org compiles and distributes money lent from individual funders who contribute typically $25 to a larger loan. The loan is then issued to the business who then uses profits to repay the loan. Kiva.org currently has a repayment rate of 98.7%. Loans typically take between 6 and 18 months to return to the lender, no interest is made off the loan, but the $25 is repaid in full. Although we have personally lost a small amount of money due to high risk loans to impoverished regions and combat zones, staying with "low risk" loans will almost always see a return of the $25 investment. We select loans to showcase that are in the food industry, and we try to find actual food carts within that sector. Please take a moment to review this loan and consider letting someone borrow your money to improve their families circumstances.


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