Ivan’s mobile food truck business travels around El Paso serving Mexican food favorites. This business supports Ivan, his wife and one child. For more than two successful years, Ivan’s profits grew enough to enable him to expand his menu, create employment and fund renovations to his food truck.
Ivan and his family came up with the name of the business - Q’Vo Tacos - and he used personal savings to get things started. As he became successful, he made the decision to include catering. But he needed additional capital to go to the next level. A family member told him about Accion Texas Inc. So he applied for a microloan and was approved.
He has used his loan to purchase quality ingredients for his menu items, repair and further improve his food truck, and pay for his one employee.
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.