When Charlie accepted a driving position at a trucking company four years ago, he never dreamed he would someday venture off on his own as an independent contractor.
“Never in a million years did I think I’d be doing this,” Charlie says.
While it wasn’t his original goal, Charlie has excelled in his work and found his niche. Being self-employed is just the appropriate next step. Charlie will use his Kiva loan to help him purchase his own truck, the primary expense to being an independent contractor.
Charlie looks forward to the opportunity. He says, for his personality, it’s much more motivating to be paid in the stops and miles versus in hours worked.
“I love making my own schedule, going to work when I feel like it, and being more independent overall,” he says.
Charlie was born and raised in New Orleans and although some jobs take him to other locations around Southeast Louisiana, he says he enjoys that most of his days are spent driving around the city, hauling shipping containers on his truck.
“Being on the road every day, you get to see what’s going on,” he says.
Charlie is ready to revel in his new freedom as his own boss, but at the same time, he already has his eye on the future. His ultimate goal is to purchase at least two or three additional trucks and hire drivers under him. He likes the idea of creating jobs in the community and helping others get their start in a career he finds rewarding.
To get there, Charlie will be diligently saving his profits. While it can be difficult to put away savings, Charlie says it’s easy when you know exactly what you are going to do with the funds. Despite not envisioning this path four years ago, today Charlie says he knows exactly where he’s going and looks forward to growing his business for years to come.
About ASI Federal Credit Union
ASI Federal Credit Union has been experiencing an increased rate of defaults. This is possibly related to the experimental nature of the loan products the organization provides. In order to serve asset-poor communities in New Orleans -- including many still recovering from Hurricane Katrina and the BP Oil Spill -- ASI offers loan products designed to help people start and grow businesses even if they don't have extensive collateral, credit histories, or business experience. For these reasons, these loans also carry a higher level of risk than typical loans on Kiva.