Enrique now works as the owner of Cimarron Contracting, LLC. Cimarron is a construction company that provides property maintenance services in the Washington metro area, including all of La Tasca’s five locations in the region. Since 2010, to diversify his business to stay active during the winter months when restaurant maintenance needs are less frequent, Enrique and his business partner have sought snow removal contracts.
Thanks to Enrique’s hard work, Cimmaron has a new contract for snow removal in Fairfax County for this winter. His Kiva loan will be used to help Enrique execute the contract and buy equipment, including safety vests and shoes, hard hats, and a tire chain.
Enrique uses the business to support his three children – two girls and one boy.
More information about this loan
This loan is part of the Kiva City D.C. initiative in partnership with LEDC (Latino Economic Development Center). Kiva City D.C. 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 Latino Economic Development CenterLatino Economic Development Center (LEDC) is a community-based nonprofit that equips Latinos and other DC-area residents with the skills and financial tools to create a better future for their families and communities. Participants in our programs learn how to buy and stay in their homes, join with their neighbors to keep their rental housing affordable, and start or expand small businesses.
Kiva lenders’ funds are used to help LEDC support even more small businesses in low- and moderate-income communities in Washington, D.C. The funds are used to ease loan requirements, including decreasing collateral, interest rates and fees associated with loan disbursement. With Kiva capital, LEDC reaches out to borrowers that may not have met all of LEDC’s existing criteria, allowing the organization to grow its lending operations through its new subsidiary the Community Asset Fund for Entrepreneurs.
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This loan has been fully funded!