Suren is seeking $2,000 for working capital to purchase parts and supplies. He gets a lot of repair jobs in winter and spring and the funds will help him with larger jobs that require him to buy parts up front.
Suren is an entrepreneur at heart. After losing both jobs in the recession, he started the pool cleaning and repair service business using his savings to acquire a pickup truck and tools. Suren works hard to build his customer base and is proud that so many of his customers are referring their friends and family members to him. He is unable to get a business loan from local banks.
Suren and his wife came to America as refugees from Armenia in 2005. They have three children ages 9, 8 and 6.
More information about this loan
This loan has been made in collaboration with CAMEO (California Association for Micro Enterprise Opportunity) in order to build microlending capacity in California. In this partnership, CAMEO serves to support California microlenders, such as Fresno CDFI, throughout its partnership with Kiva. CAMEO’s mission is to grow a healthy, vibrant, thriving environment for all entrepreneurs and start-up businesses by advancing the work of its statewide member network.
About Fresno Community Development Financial InstitutionFresno Community Development Financial Institution (Fresno CDFI) provides affordable financing, training and technical assistance to individuals, small businesses and community facilities. Founded in 2007, it focuses its efforts on low- and moderate-income communities aiming to serve the financial needs of small business owners and entrepreneurs.
Kiva lenders’ funds are used to expand Fresno CDFI’s microenterprise loan fund with a focus on providing loans under $10,000. This is of particular importance to Fresno CDFI because the organization was initially created with the intention of servicing borrowers in need of smaller loans.
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