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Enrique
Seventeen years ago, Enrique began his career as a truck driver. He decided to go into business for himself when he lost his job earlier this year.

He started a towing business with his own truck, but he still needed start-up funds for working capital, liability and cargo insurance, and licensing.

After a friend and client of Accion Texas Inc. told him about his own positive experience, Enrique applied for a loan and was approved.

Now he owns Rocky Mountain Towing, a small business that transports cars for mechanics from streets to body shops, and from shops to auto dealerships. Enrique works on-call and is available 24 hours a day, seven days a week in his hometown of El Paso, Texas.

He currently works alone, but plans to hire a crew as soon as he can afford to purchase multiple trucks. Without the help of an Accion loan, Enrique says, “I wouldn’t be able to begin my business.”

Additional Information

About LiftFund

LiftFund. (www.liftfund.com) is an award-winning nonprofit organization (previously known as Accion Texas) with a mission to provide credit and loans to small and start-up businesses that have limited or no access to credit from commercial sources. Established in 1994 in San Antonio, LiftFund has helped Texas and Louisiana entrepreneurs strengthen their businesses, stabilize and increase their incomes, create employment, and contribute to the economic revitalization of their communities. Learn more at www.liftfund.com.

About United States

  • $54,800
    Average annual income
  • 30
    View loans »
    United States Loans Fundraising
  • $12,247,925
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,625 helped Enrique to cover working capital, liability and cargo insurance, and licensing costs.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 22, 2012
Listed
Nov 21, 2012
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2013