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Rebecca
After working for seven years for another barber shop, Rebecca realized that the moment was right to establish a shop of her own. The opportunity quickly presented itself – she received an offer to take over an existing barber shop in Hagerstown, Maryland.

Rebecca accepted the offer, and in 2006 she established Becky’s Barber Shop. Currently, Rebecca is the owner-operator and works by herself. Her immediate goal is to grow her business.

A loan of $10,000 will allow Rebecca to renovate her shop, purchase additional chairs, and hire one or two stylists.

In the future, Rebecca hopes to purchase her own commercial space for the barber shop.

Additional Information

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 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.

About United States

  • $54,800
    Average annual income
  • 25
    View loans »
    United States Loans Fundraising
  • $12,059,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $10,000 helped Rebecca to renovate her barber shop, purchase new chairs, and hire additional stylists.
74% repaid
Repayment Term
39 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 31, 2013
Listed
Feb 19, 2013
Currency Exchange Loss:
N/A