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Erik Merced
Sr. Erik has run a tire repair business out of his home for eight years. He is seeking a loan to buy a compressor. As his current one has broken down, he wants to replace it quickly as he doesn’t want to lose customers. However, he cannot afford to buy one immediately.

Erik is a native of Nuevo León but he’s already lived in Nuevo Laredo for more than 20 years. His wife is from there, and his two children attend primary and secondary school there.

Erik wishes to improve the service he offers his customers so that they will recommend his work to others and he will earn more money.

With part of the profit from the business he will be able to pay off the loan. The business is the family’s sole source of income.
View original language description ↓
El señor Erik tiene un negocio de vulcanizadora (reparación y mantenimientos de llantas para autos), desde hace 8 años el cual esta ubicado en su domicilio. Esta solicitando un préstamo para comprar una maquina compresora ya que la que tiene se descompuso y quiere remplazarlo pronto ya que no quiere perder sus clientes por no poder dar el mismo servicio. Pero no cuenta con el dinero necesario para realizar la compra de inmediato.
El señor Erik es originario de la ciudad de Nuevo León pero tiene ya mas de 20 años radicando en esta ciudad de Nuevo Laredo, de donde es su familia su esposa y sus dos hijos que estudian la primaria y secundaria.
Desea mejorar el servicio que les ofrece a sus clientes para que lo puedan recomendar con otras personas y así su negocio tenga mas ingreso.
Con una parte de las ganancias del negocio serán para pagar el crédito y que es la única fuente de ingreso que tiene para su familia.

About Mexico

  • $11,249
    Average annual income
  • 6
    View loans »
    Mexico Loans Fundraising
  • $17,294,525
    Funds lent in using Kiva
  • 12.4
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Erik Merced buy a compressor.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 26, 2013
Listed
Mar 28, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 18, 2014