A loan of $575 helped to repay the loan with which he bought his motorcycle for work.

Luis Horacio's story

Luis is a young entrepreneur who, upon seeing that he did not have sufficient economic resources to be able to undertake his university studies, decided to get a job, to be able to generate his own income to pay for his studies. Luis got a job as a messenger and later bought a motorcycle to be able to do his job and drive himself to the university, where he is currently in his second semester studying aviation mechanics.

Given that his family does not have great economic opportunities, he bought his motorcycle with a loan that has very high interest rates. It is because of this that Luis is looking for a loan that will give him the opportunity to repay the loan he used to buy his motorcycle for work, avoiding the high interest they are charging him for it.

In this way he will be able to pay lower rates and his money will be more beneficial to him in his savings for the university. Luis dreams about being able to continue working and finish his studies to get himself a good job and be able to progress economically and help out his parents.

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Translated from Spanish by Kiva volunteer Catharine Wall

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