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Originally from Vietnam, Anh moved to the United States with her husband 18 years ago. After working for years in nail salons throughout northern California, Anh made a bold decision to pursue her dream and became her own boss. Anna Kim Chi Beauty Salon has now been in business in downtown Redwood City, California for six years.

Her parents doubted her decision to go into business for herself. “My mother and father were worried and tried to convince me to give this up. I’m glad I didn’t listen. I was confident and determined to make my salon a success. The more effort you put in, and the braver you are in your life, the more success you will have.”

In addition to haircuts, Anh’s salon also provides nails, waxing, and skin-care services. Her salon attracts foot traffic from around the neighborhood, and with her low priced quality services, customers keep coming back. It’s a simple formula, explains Anh. “Good haircuts, good service, and low prices!” On a recent day, Anh proudly wore her “I Voted” sticker from the November 2nd elections as she cut her client’s hair and she proudly boasts, “This country has been so good for my family. I love to vote!”

When Anh needed financing to make improvements to her salon, she turned to Opportunity Fund - her local microfinance institution (MFI) - for a small business loan. Anh learned about Opportunity Fund years ago when her eldest daughter opened a savings account through the non-profit MFI. With a $3,500 loan she will be able to make electrical renovations and bring her salon into compliance with fire codes. Anh is also excited to have the chance to use a microloan to build her credit. “I don’t need a lot of money at once, so this is very good. Then, once Opportunity Fund knows me and that I can repay, I’ll be able to get another loan to help with a bigger remodeling job.”

Additional Information

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About United States

  • $54,800
    Average annual income
  • 32
    View loans »
    United States Loans Fundraising
  • $12,684,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,500 helped Anh electrical renovations to bring the salon into compliance with fire codes; build business credit.
100% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Oct 21, 2010
Nov 6, 2010
Currency Exchange Loss:
Apr 28, 2012