A loan of $10,000 helped to make the down payment on his first truck.


Herbert's story

Herbert emigrated from Guatemala to the United States in 1995 with his parents. He was 17 years old. Herbert worked for several supermarkets and grocery stores, but also went through several layoffs.

As the child of a family with a business background, Herbert always wanted to start his own business. He worked part-time in a gas station to put himself through truck driver training classes, hoping to start a transportation business. After graduation, he worked as a driver for someone else for six years to get the experience.

Now, Herbert wants to start his own trucking business to better raise his three children and care for his aging parents. He needs money for a down payment on a truck. He tried several banks, but because this is a start-up, he wasn’t able to secure a loan. Eventually, he learned about PACE from a friend. With a $10,000 PACE Kiva loan, he will be able to make a down payment on a truck.

Herbert hopes his new venture will help him to put his three children into college and give his parents a better life to live.



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