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Victor came from Venezuela seven years ago and is the owner of Kami Hair Boutique, a beauty salon in Miami. Victor always admired the beauty industry and owning his own business was always something he had aspired to. Victor decided last year that it was the right time to become an entrepreneur and purchased the eight-year-old boutique. While he manages the beauty salon, he also studies Hospitality Management, making him knowledgeable about client services that he can directly relate to his business. Victor’s business also provides jobs to 13 employees.

For Victor, his biggest success as a small business owner has been introducing spa and massage services to the hair salon. At the same time, his biggest challenge has been dealing with the increased amount of competition in the Miami area and the economic downturn that has affected many businesses. Victor is now planning to renovate and revamp his salon. This loan will help him complete three projects he has in mind: to purchase new furniture and equipment, paint the inside of the store and create a marketing campaign to attract new clients.

About United States

  • $54,800
    Average annual income
  • 29
    View loans »
    United States Loans Fundraising
  • $12,247,925
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $10,000 helped Victor to renovate his salon and pay for a merketing campaign.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Oct 5, 2012
Nov 5, 2012
Currency Exchange Loss:
Jul 19, 2014