Spice and Wolf Novel Volume 2 is written by Isuna Hasekura.

Following his good fortune in Pazzio, Lawrence is confident that he is on the path to realizing his dream of becoming a town merchant. One ill-informed business decision, though, leaves him teetering on the brink of bankruptcy and ruin!

With no assets to his name - other than the cunning of his fetching traveling companion, Holo the Wisewolf - Lawrence may need to resort to illicit means to put his affairs in order. With all of the merchant's plans hinging on one beautiful young shepherdess - for whose vocation Holo holds no affection - Lawrence's prospects, both personal and professional, are looking grim!