A loan of $850 helped to pay cash for supplies that he uses in his bakery and for resale groceries.

Angel's story

Ángel is pleased after successfully managing his previous Kiva loans with Fundación Mario Santo Domingo. He states that the loans are issued at interests rates favorable to any micro business; therefore, he is once again requesting a loan to pay cash for flour, oil, sugar, eggs, and other necessary supplies to make the bread and puddings he sells at his business. This way he receives better discounts for prompt payment, which allows him to achieve higher profit margins. He also wishes to buy more groceries and basic supplies to stock the store located within the business.

Translated from Spanish by Kiva volunteer

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Loan details