In July of last year, Rogelio received a loan funded by Lendwithcare, which allowed him to buy soft drinks and beers in bulk to meet volume orders from his regular customers. He successfully repaid that loan without difficulty. On average, he spends more than 30,000 pesos (£405) a week on soft drinks and beers, depending on how much stock is left. Each case of beer and sodas costs between 400 pesos and 600 pesos (£5 to £8). His income from the business goes towards meeting their household expenses and providing financial support to their married children and grandchildren.
Rogelio recently sought another loan as this month they will celebrate their annual fiesta. During this period, his products are highly saleable, so he sought a loan to have more working capital to buy a larger volume of sodas and beers and seize this opportunity to generate higher sales. Rogelio aims to maximise this festive season to boost his income, ensuring he can support his family and reinvest in his business.