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Nick
Nick is the founder of a social bike project in partnership with an urban school in Detroit. While Nick’s office is in his home, the bikes are built by students at a Detroit high school. The partnering school has a great deal of existing capacity for building, as well as a network for the next generation of cyclists, mechanics, and machinists. Founded in March, this bike project entails designing and manufacturing handmade bicycle trailers. Sales are generated in the neighborhood through open houses, in the city through retail outlets, and nationally through Nick’s website. In Detroit there is a huge demand for public transportation as it is minimal and unreliable; expanding the capacity of bikes is an opportunity to impact change in the community.

With this loan from ACCION USA, Nick will purchase materials for the bikes and advertise the project. Nick hopes to cultivate the positive relationship with the school, allow students to continue working on the project and spread the word about the great need for transportation in Detroit.


Additional Information About This Loan

This loan has been made as a part of Kiva Detroit and in partnership with Michigan Corps. Kiva Detroit is the first Kiva City, a program where Kiva works with community organizations and field partners in the United States to provide local small businesses with microloans. Michigan Corps is the first community organization to work with Kiva in Detroit, and conducts outreach through small business networks, churches, community foundations, and across many personal and social media networks. Learn more at kiva.org/detroit

Additional Information

More information about this loan

This loan is part of the Kiva City Detroit initiative in partnership with Accion East and Online. Kiva City Detroit is a subset of Kiva City, a program that allows Kiva lenders to make microloans to small businesses in the United States with the help of community organizations and U.S. Field Partners.

About United States

  • $47,000
    Average annual income
  • 16
    View loans »
    United States Loans Fundraising
  • $11,545,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,175 helped Nick to purchase materials for the bikes and advertise the project.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 3, 2011
Listed
Jun 29, 2011
Currency Exchange Loss:
N/A
Ended:
May 19, 2012