A loan of $375 helped buy a compressor.

Erik Merced's story

Sr. Erik has run a tire repair business out of his home for eight years. He is seeking a loan to buy a compressor. As his current one has broken down, he wants to replace it quickly as he doesn’t want to lose customers. However, he cannot afford to buy one immediately.

Erik is a native of Nuevo León but he’s already lived in Nuevo Laredo for more than 20 years. His wife is from there, and his two children attend primary and secondary school there.

Erik wishes to improve the service he offers his customers so that they will recommend his work to others and he will earn more money.

With part of the profit from the business he will be able to pay off the loan. The business is the family’s sole source of income.

Translated from Spanish by Kiva volunteer Jane A

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