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Luis
Tutti Frutti Frozen Yogurt is a franchise, with 580 stores currently operating world wide. Luis has been approved as a franchisee, and needs money to purchase the franchise license. Frozen yogurt is making a comeback, after a 10-year slump. Pinkberry started the trend, and today average annual growth in frozen yogurt sales worldwide is $200 million, nearly 10%. More flavors are being offered, and soy-based products are becoming one of the most popular. Tutti Frutti is one of the franchise leaders, and has recently made a commitment to donate 10% of their profits from “green” products to organizations in poor countries who are committed to job creation.

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More information about this loan

This loan is part of the Kiva City Los Angeles initiative in partnership with the Los Angeles Mayor's Office of Small Business and VEDC (Valley Economic Development Center). Kiva City Los Angeles 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.  

Important Information

Valley Economic Development Center (VEDC) is a non-profit community development financial institution and the largest provider of loans for small businesses and micro-entrepreneurs in the Greater Los Angeles area. In addition to loans, it offers extensive training opportunities, workshops, consulting and small business support services.

About United States

  • $47,000
    Average annual income
  • 15
    View loans »
    United States Loans Fundraising
  • $11,118,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD