A loan of $1,000 helped to buy grains and to service his mills.

Ricardo's story

Ricardo, 58, lives in Larreynaga, Malpaisillo in León Township. He’s married and the father of two children. He has a Bachelor’s degree in Biology but is currently a merchant. He worked as a professor at León University where he taught Biology for 18 years but he stopped teaching and used his savings and severance pay to set up a mill grinding business. He’s had this business for 13 years. He also sells cereals. These two businesses allow him to survive. His humble mill is located at home and it’s one of the most popular in his zone but even so he says he needs more publicity to become known in more places, to have more product to sell and to furnish his locale.

This is the reason for his loan request to buy such products as pinol [roasted corn], pinolillo [roasted corn with cocoa added], jícaro seeds, soy, cinnamon and cocoa which are the ingredients he needs to make his delicious and highly sought after cereals. He also wants to repair and service his mills because they have aged a bit.

This investment will help him sell more of this products because he’ll have raw materials with which to produce and machines that are in good working order. He wants to expand his cereal sales to other towns in León and to sell in Chinandega and to buy a vehicle to transport himself along his sales routes.

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Translated from Spanish by Kiva volunteer Polliz

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Loan details