Funded

Total loan: $1,075
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Álvaro

Colombia
San Rafael, Colombia / Food Production/Sales

A loan of $1,075 helped to buy an electric mill ($1000), pots to cook corn ($300), and wholesale corn ($700).


Álvaro's story

Álvaro, 65, has been making and selling corn flatbread, a skill he acquired working in various local restaurants, for 15 years. He lives in a free union with his wife and has no children; therefore, he only has his wife's support. Álvaro gets up at dawn to make his homemade flatbread. He grinds the corn by hand, shapes and then grills the bread over wood, and goes out in the afternoon with his wife to sell the products throughout the neighborhood. The income allows them to support themselves each day.

He has applied for a loan to buy an electric mill ($1000), pots to cook corn ($300), and wholesale corn ($700) to increase production. He will save time grinding the corn and will use the extra time to sell his product in other nearby neighborhoods. This will allow him to increase his income and improve his standard of living and finances. Álvaro dreams of marketing his product as 100% natural and having it be recognized throughout the area so that he can create more jobs.

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Loan details

Loan length:

26 months
Disbursed date: June 18, 2013

Lenders and lending teams



Loan details

Loan length:

26 months
Disbursed date: June 18, 2013