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Ernesto is a very hardworking man who has run a taxi service for 8 years. With much effort and hard work he managed to purchase his own car so that he wouldn’t have to keep paying to rent one, since renting a car was preventing him from earning much profit beyond what he needed to survive. Now things are going very well in his business and it is thriving, and so Ernesto wants to purchase another car to use as a taxi and hire a driver who will be in charge of it. This will allow Ernesto to increase his earnings.
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El señor Ernesto es un hombre muy trabajador, que desde hace 8 años tiene un taxi que el mismo maneja, con mucho esfuerzo y trabajo compro su propia concesión y el automóvil, para no seguir pagando renta ya que no lo permitía tener muchas ganancias solo para lo suficiente para subsistir. Ahora cómo ve que le va muy bien en su negocio y esta prosperando quiere comprar otro automóvil para ponerlo como taxi y contratar un chofer para que se encargue, de esta manera obtendrá mayores ganancias.

About Mexico

  • $15,600
    Average annual income
  • 14
    View loans »
    Mexico Loans Fundraising
  • $19,043,075
    Funds lent in using Kiva
  • 13.2
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Ernesto to purchase a car to use as a taxi.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Jan 23, 2012
Jan 26, 2012
Currency Exchange Loss:
Apr 28, 2013