A loan of $1,500 helped to buy red beans and white corn.

Luis Manuel's story

Don Luis continues with his business as a wholesaler of basic grains. He uses a truck to transport his products to wherever he buys and sells. Luis already has buyers so he is able to generate sales easily. He buys his products at low cost in the Department of Jinotega, where these crops are cultivated on fertile land and with plenty of water. As a result, he is able to buy these products in increased quantities. By taking out a loan with AFODENIC, Luis is able to work with more capital. In addition, he has a truck to use for transport and an established entrance into the marketplace.

With this new loan, Luis will be able to buy 23 quintals (1 quintal = 46 kg) of red beans and 48 quintals of white corn so that he can satisfy the demand of his customers. He will deliver the products by himself. By generating good profits, Luis will be to cover his personal expenses and his loan payments.

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Translated from Spanish by Kiva volunteer Ronan Reodica

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