A loan of $700 helped to buy rice, sugar, beans, oil, pens, notebooks, soda, etc.

Julio Daniel's story

Julio is 54 years old; originally from Managua; single; and the father of three children aged 21, 33, and 35. Currently his youngest child is studying business administration in university. The other two have finished studying and are also in business. Julio is the manager of a grocery store which he has owned for the last three years. He started working in this business when he was 50 years old using his own capital which he obtained in the liquidation of his previous work. It was then that he decided to launch his own business, the grocery store, which has proven very profitable and at the same time generates sufficient daily earnings. He has other sources of income, such as the remittances that his children send him. He hopes to expand the store.

Julio is asking for this loan in order to buy rice, sugar, beans, oil, pens, notebooks, soda, etc - all of the products he needs to stock his store even more. He hopes this loan will help him to increase his inventory and in turn increase his sales and his earnings.

One of his goals is set up the building where he has his store in order to give his store a better presentation.

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Translated from Spanish by Kiva volunteer Annelise Iversen

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