Studies on travel and life satisfaction in vulnerable Global South contexts are scarce. This paper contributes by addressing how travel satisfaction, neighborhood satisfaction, and social capital relate to life satisfaction among a low-income community in Bogotá (Colombia) as a case study. Building on the available literature, we propose six hypotheses to understand such relationships before and after a cable car implementation, considering control and treatment groups. We defined seven latent variables and three objective indicators. We tested the hypotheses using a multiple-cause multiple-indicator modeling approach, which allowed us to identify how the comprehensive cable car intervention impacts perceptions and life satisfaction. Results showed that the principal factors associated with life satisfaction were neighborhood satisfaction as well as leisure activity participation, while travel time and transport affordability had negative effects. Positive changes in satisfaction regarding the travel experience can trigger significant improvements in life satisfaction in low-income communities in Latin America.