Gloria purchased Parkside Postal three years ago to provide a neighborhood mail and shipping center for the community. Despite strong sales in her first two years, she is still unable to qualify for a loan from a bank. More recently, the recession has been hard on Gloria’s business, and she has been forced to draw down her savings to keep the business running.
Gloria knows many of her customers by name. The relationships she has built and the level of customer service that she provides are what set her apart from competitors. A $5,000 loan helps Gloria to invest in more marketing and renew her notary license in order to expand her customer base, increase business revenue, and endure the economic downturn.
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."