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Larry
Larry has lived in Lubbock, Texas, all his life and has been in the vending machine business for more than 17 years. He and his wife operate L&L Vending, supplying local businesses with candy and toy vending dispensing machines.

Larry began searching for ways to purchase additional machines to increase his revenue. He visited Wells Fargo Bank and was later referred to Accion Texas Inc. for a microloan. He applied and shortly after received approval for a $5,450 loan. Larry began purchasing additional vending machines to grow his business and presence in the Lubbock market.

As of now they are the only employees of L&L Vending, but plan to hire additional employees in the near future.

Additional Information

About LiftFund

LiftFund. (www.liftfund.com) is an award-winning nonprofit organization (previously known as Accion Texas) with a mission to provide credit and loans to small and start-up businesses that have limited or no access to credit from commercial sources. Established in 1994 in San Antonio, LiftFund has helped Texas and Louisiana entrepreneurs strengthen their businesses, stabilize and increase their incomes, create employment, and contribute to the economic revitalization of their communities. Learn more at www.liftfund.com.

About United States

  • $54,800
    Average annual income
  • 27
    View loans »
    United States Loans Fundraising
  • $12,266,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $5,450 helped Larry to purchase additional vending machines.
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 4, 2013
Listed
Jul 6, 2013
Currency Exchange Loss:
N/A
Expired:
Aug 5, 2013