A loan of $325 helped to purchase baking ingredients in bulk.

Pelagio's story

Pelagio and his wife run a small bakery, a business he inherited from his father. He has two children to support, both of whom are in college. Although his bakery is doing well, he needs a loan to increase his production and to enable him to set the prices of his goods at more competitive rates.

With the requested loan, he will buy more products in bulk to drive down the prices of his products. In this way, the loan would make his breads and baked goods less expensive and, accordingly, the demand for his goods should increase. It is important for Pelagio to secure this loan because it will help to insure that he can make the payments that are necessary for his children’s education.

Loan details

Lenders and lending teams

Loan details