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Additional Information

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 Pacific Asian Consortium in Employment

Pacific Asian Consortium in Employment (PACE) is a large nonprofit community development organization based in Central Los Angeles, California. Founded in 1976, PACE offers training to low-income individuals and families to help them meet the challenges of employment, education, housing and business development.

Kiva lenders’ funds are used to support even more people, especially those who attend training sessions but who PACE is unable to serve because of capital constraints. The funds are also used to ease the organization’s loan collateral requirements.

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
Ended with Loss - Defaulted
A loan of $10,000 helped this borrower to purchase equipment, upgrade the phone system, and hire three new staff members for his telemarketing business.
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 14, 2013
Listed
Feb 25, 2013
Currency Exchange Loss:
N/A
Defaulted:
Jun 4, 2014