Total loan: $5,550
Orlando, FL, United States / Personal Use
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Mercedes's loan finished fundraising,
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A loan helped to buy a new high-efficiency air conditioner to improve her family's quality of life, reduce operating costs, and help rebuild her credit.
Mercedes is a strong, hardworking single woman who has managed to raise her daughters on her own. She works a full-time job to make ends meet, and she is currently working toward repairing her credit. Mercedes' credit is not damaged, but she has very little payment history which has resulted in a low credit score. Mercedes has raised her daughters on her income without the use of credit. For the past three years, the air conditioning unit on Mercedes’ home has required repair every summer. The unit is old and very inefficient, and it has become quite costly to repair and operate. This year, the unit began to emit smoke before it stopped working, and this has resulted in her decision to replace the unit. Mercedes does not have the funds to pay for this replacement out of pocket, and her low credit score prohibits her from being able to finance a new unit through a bank or repair store. Mercedes is now hoping that SELF and KIVA will help her purchase a new high efficiency air conditioner that is reliable and will save her month on her utility bills. Mercedes is hoping to use to her KIVA loan to purchase a new high-efficiency air conditioner to improve her family's quality of life, reduce operating costs, and help rebuild her credit.