A loan of $10,000 helped to buy a newer taxi.

Pedro's story

Business ownership has been a gateway to personal freedom for Pedro. He has worked many jobs in his lifetime, but none other has given him the satisfaction that running his taxi service does. Pedro operates his taxi in Manhattan from 42nd Street and below, driving clients all over New York City, to and from the airports, and sometimes long distances to other cities along the eastern seaboard. He has been married for 30 years, has a grown daughter, and is also a proud grandfather.

The dispatch company for which Pedro operates his taxi requires him to purchase a new vehicle every ten years. Pedro currently drives a 1998 with more than 397,000 miles, so he has come to ACCION USA for a loan to purchase a new vehicle. In addition to allowing him to continue working for his current dispatch company, the new taxi will provide a more comfortable ride for his clients. Pedro is a long-time client of ACCION USA. He has received several loans in the past and has always repaid on time.

He has plans to rent his old taxi to a cousin who can use it with another dispatch service in New York City. Pedro is looking forward to the next ten years with his new taxi. He is thankful to be supported and able to live out his dream of owning a taxi.

Loan details

Lenders and lending teams

Loan details