Svetlana


Status: Paying Back

$5,000.00   Loan Amount
0% repaid

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Svetlana
Location: Los Altos, Ca, United States
Activity: Arts

About the Loan

Loan Amount: $5,000.00
Loan Use: To pay for dance studio setup and equipment
Repayment Term: 38 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Oct 26, 2009
Date Disbursed: Oct 13, 2009
Date Funded:Oct 27, 2009

About the Country

Country:United States
Avg Annual Income:$47,000.00
Currency:United States Dollars (USD)



Svetlana is a 51-year-old Russian dancer who moved to the United States in 1991 and had a son soon after. After years struggling as a single mother and recent immigrant, she turned to her 20-plus years of dance experience for economic stability. “The first expression that I learned to say in English was ‘there are not too many things that I’m good at, but I can dance and I can teach people how to dance.’ ”

In 2007, Svetlana opened her own business, “Stars in the Light”, as a dance studio without a home. She would travel to childcare facilities with her dance equipment: leotards, ballet bars, and a music player. Having successfully built up her clientele and firmly established herself as a sought-after dance instructor over the course of two years, Svetlana began renting space in a dance studio in 2009. She runs “Stars in the Light” as a non-profit dance education center, recalling the pivotal role dance played in her childhood and the government scholarship she received as a young girl to learn ballet. “I teach dance to all children who want to learn, no matter what price their parents can pay.”

Along with a strong social mission, Svetlana has also managed to launch a financially sound business: she now employs two dance instructors and her business income continues to rise. She needs a $5,000 loan to pay for for her dance studio setup and equipment. Her “American” son, now a teenager, has been her biggest support, and took the photo of her above.

Visit: www.starsinthelight.com.




Important Information About This Loan
Kiva realizes that access to credit is a challenge for entrepreneurs everywhere. Kiva started out as a website focused on developing-world entrepreneurs. In June 2009, Kiva began experimenting with allowing entrepreneurs in the United States to raise money on its website. If this is something you support, please feel free to fund this loan. If you have questions, including how an entrepreneur in your neighborhood might get a loan, please visit our Help Center and click on "Loans in the United States."

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Journal entries for Svetlana


Loan has been disbursed
 
Entrepreneur: Svetlana
Location: Los Altos, Ca, United States

Thank you for your loan. It has been disbursed to Svetlana by Opportunity Fund in United States. We are excited to watch this business grow. Over the 36 months of this loan, Opportunity Fund will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Los Altos, Ca, United States
Oct 28, 2009
Comment on this entry

Kiva Help Repayment Schedule for Svetlana

  Expected Repayments Actual Repayments Comments
January 2010 $90.31 Available Jan 1  
February 2010 $105.86 Available Feb 1  
March 2010 $105.53 Available Mar 1  
April 2010 $106.18 Available Apr 1  
May 2010 $109.59 Available May 1  
June 2010 $107.52 Available Jun 1  
July 2010 $109.05 Available Jul 1  
August 2010 $108.85 Available Aug 1  
September 2010 $110.36 Available Sep 1  
October 2010 $110.21 Available Oct 1  
November 2010 $110.89 Available Nov 1  
December 2010 $112.34 Available Dec 1  
January 2011 $112.27 Available Jan 1  
February 2011 $113.68 Available Feb 1  
March 2011 $113.66 Available Mar 1  
April 2011 $114.36 Available Apr 1  
May 2011 $117.02 Available May 1  
June 2011 $115.79 Available Jun 1  
July 2011 $117.11 Available Jul 1  
August 2011 $117.23 Available Aug 1  
September 2011 $118.51 Available Sep 1  
October 2011 $118.69 Available Oct 1  
November 2011 $119.42 Available Nov 1  
December 2011 $120.64 Available Dec 1  
January 2012 $120.90 Available Jan 1  
February 2012 $122.09 Available Feb 1  
March 2012 $122.40 Available Mar 1  
April 2012 $123.16 Available Apr 1  
May 2012 $124.65 Available May 1  
June 2012 $124.69 Available Jun 1  
July 2012 $125.78 Available Jul 1  
August 2012 $126.24 Available Aug 1  
September 2012 $127.28 Available Sep 1  
October 2012 $127.80 Available Oct 1  
November 2012 $128.59 Available Nov 1  
December 2012 $941.35 Available Dec 1