Abrahatsiyone is originally from Eritrea, in East Africa. She is a mother of four children. Abrahatsiyone has been operating a food truck in the DC metro area for the past 23 years, primarily selling hot dogs, chips, snacks, drinks, and a few Ethiopian food items such as injera, a traditional handmade bread.
Last year Abrahatsiyone began observing that her customers were requesting healthier food options. The size of her existing food truck limited Abrahatsiyone’s ability to offer more variety in her menu, like Ethiopian or Eritrean food and salads and soups.
Abrahatsiyone decided that she needed to purchase a larger food truck to meet the requests of her customers. The total cost of the food truck is $20,000. Abrahatsiyone personally invested her own $10,000, and a loan of $10,000 will help her cover the entire cost of the new food truck.
Until recently, Abrahatsiyone operated the business entirely on her own. She realized that she could use some assistance to stock and set up her inventory in the food truck. When a homeless man visited the truck asking for food, Abrahatsiyone offered him a part-time job.
About Latino Economic Development Center
Latino 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.