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Esperanza del Plata
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Project with Esperanza del Plata
This is a line of credit for investment so the cooperative can satisfy its growing demand without gaps in the productive cycle, and despite not having sufficient accumulated savings.
The cooperative Esperanza del Plata is a recovered factory re-opened by its workers after being suddenly closed on Oct. 31 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. The cooperative is in a moment of rapid growth but still finds itself lacking the necessary capital to realize its full potential, in large part due to the post-dated checks they receive for many works, and which hinder their access to cash liquidity. Because of this the cooperative needs financial backing to ensure it can respond to orders placed by potential new clients.
NameEsperanza del Plata
Signing DateNovember 4, 2009
Loan AmountAR$16,000
Repayment Schedule
Paid
2009-11-18
Paid
2009-12-18
Due
2010-01-18



From Esperanza del Plata on Jan 15:
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