A loan of $1,025 helped to buy an eight-can indurstrial oven.

Juan Jose's story

Juan, 25, works baking bread. His bakery is located in the El Tejar zone. This is his first loan in the institution and Juan will use it to buy a larger capacity oven because he wants to increase production to meet customer demand. The business challenge Juan faces is competition from a nearby bakery that produces in larger amounts and this is why he’s requesting the loan because he wants to improve production. His profits will increase with this loan. Juan is a young person who very much wants to get ahead. He feels happy and grateful to the institution for the support provide since this is his only source of income.

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Translated from Spanish by Kiva volunteer Polliz

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