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Esperanza del Plata
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Project with Esperanza del Plata
1st cash line so the cooperative can continue operating effectively in spite of receiving post-dated checks. In this way the cooperative can access their cash earned from production without debilitating waits.
The cooperative Esperanza del Plata is a recovered factory re-opened by its workers after being suddenly closed on Halloween of 2008. 7 of the original 30 or so workers remained, and together they began to organize to run the plant. They have thus far enjoyed the advantage of an almost-intact client list and a continued level of demand, but this has in part gone to waste as they have not had the necessary raw materials or capital to fulfill all incoming orders. As such, the growth of the cooperative has been slow and arduous, with investments in raw materials coming at the direct expense of the workers taking money home.
NameEsperanza del Plata
Signing DateJuly 22, 2009
Loan AmountAR$19,038
Repayment Schedule



From Esperanza del Plata on Oct 30:
On time
Luego de este cambio se cierra el préstamo


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