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Mikel
This is a time of new beginnings for Mikel. Four months ago, he and his wife gave birth to a baby girl, and he is currently getting his new clothing line off the ground. Mikel works full-time at a university while being a new dad and an entrepreneur. His goal is for his business, Eli Pierce, is to provide the working man with stylish dress shirts that “fit like a glove”. Mikel started the business from his personal savings and has gone through the production process a few times with samples of his shirt designs made by the manufacturer. He says the biggest challenge for Eli Pierce will be penetrating the men’s fine shirts market and getting the website up and running.

This loan from ACCION USA will enable Mikel to pay upfront for the fabric needed to produce the first set of bulk inventory. The loan is also helping Mikel start the business website so he can take orders online and become profitable.

About United States

  • $47,000
    Average annual income
  • 34
    View loans »
    United States Loans Fundraising
  • $11,835,475
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $5,300 helped Mikel to pay for first bulk production of shirts and start the business website.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 29, 2011
Listed
Oct 4, 2011
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2013