A loan of $1,325 helped to settle the payment on his minibus.

Wilfredo's story

With a loan of 51,750 pesos, Wilfredo has been able to pay off a loan that had an excessively high interest rate.

Wilifredo has been a transportation route driver in his community for 10 years. The monthly payments that he had to pay on the loan for his vehicle were so high that, along with monthly maintenance costs for the minibus, he was left with hardly enough money to maintain his home.

Wilifredo is married, his wife sells empanadas at the public school in the community. They have two children, aged 14 and 7, who attend that same school.

Wilifredo plans to change the vehicle once he has finished paying off the loan. Wilifredo wants to finish high school, and in this way set an example for his children to motivate them to continue their studies.

Translated from Spanish by Kiva volunteer LeeJay Victor

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