A loan of $4,500 helped to pay for van maintenance and inspection tags.

Hugo's story

Hugo was a driver in his native Ecuador so, when he moved to the States, it was a natural choice to continue in his profession, and he started his own high-occupancy van transportation business in 2000. One of the major costs of a business like Hugo's is constant maintenance of the vehicle fleet. Hugo was able to cover these costs with a credit card, but it was very costly and only a short-term fix.

Hugo used his first loan to do some maintenance on his van, but this loan served another purpose which was building up and improving his credit history. Now Hugo will be taking out a second loan to cover more maintenance costs, and he hopes to buy a second van soon.

Hugo is optimistic that he will be able to expand his business because his ACCION USA loans have improved his credit rating. He says he is grateful because he feels the loans have lifted him up economically, and he is now more financially comfortable than he would have been if he had kept using credit cards. In addition to buying a new van, Hugo wants to continue to keep his vans in great shape so they will stay functional for years to come.

Loan details

Lenders and lending teams

Loan details