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John
John began his start-up business, Pro 1 Stop less than six months ago. The mechanic is trained to diagnose and service many vehicles from minor to major issues. Before opening up his own business, John worked for other mechanic shops around the Little Rock area.

One day, a friend, an Accion Texas Inc. employee referred John to Accion to inquire about applying for a small business loan. John proceeded to submit his application and was approved for $5,450. The Accion loan allowed John to purchase new tools to service vehicles and reach his goal of opening up his own business. John says: “Without the loan, it would have taken longer to reach my goal.” Some of Pro 1’s services include oil changes, tune-ups and regular maintenance for most vehicles.

The updated equipment and tools allowed John to service vehicles more efficiently and build a clientele to jump start his business. He is the sole employee of the company and does not have plans to hire additional help at the moment, but plans to expand in the future.

Additional Information

About Accion Texas Inc.

Accion Texas Inc. (www.acciontexas.org) is an award-winning nonprofit organization 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, Accion 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.acciontexas.org.

About United States

  • $47,000
    Average annual income
  • 16
    View loans »
    United States Loans Fundraising
  • $11,004,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $5,450 helped John to purchase new tools.
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 24, 2013
Listed
Jun 28, 2013
Currency Exchange Loss:
N/A
Expired:
Jul 28, 2013