A loan of $1,225 helped to invest in his business selling cell phones with advanced technology, as well as accessories.

Luis Manuel's story

Luis Manuel is 31 years old. He is single, has no children, and is from Chinandega department. For five years, he has had a business selling cell phones and accessories. His business is located in one of the local parks. The business came about some years ago, with the sale of DVDs and CDs.

Now he has made a shift in the business, as for a year he has been 100% selling cell phones. This is been with the support his parents gave him, and the support that the institution has granted him through the loans; always so that he can invest in working capital.

Luis Manuel has shown that he is responsible by making his payments in a timely manner. The objective of the loan is to invest in working capital, and to buy new cell phones with more advanced technology; as well as to buy accessories such as screen protectors, batteries, straps, keyboards and covers.

Luis Manuel is grateful for the help the Kiva lenders provide to low-income people and to poor countries such as Nicaragua, so that people can have a decent way to make a living.

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Translated from Spanish by Kiva volunteer Jeff Goldie

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