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Nidia, originally from the Dominican Republic, founded Honey’s Lounge & Restaurant in 2004, a restaurant and convenience store located in Baltimore, Maryland.

Nidia has been involved in the business sector since she was a child, when she worked in her father’s grocery store in Santo Domingo, Dominican Republic. Currently Nidia and her daughter work in Honey’s Lounge, continuing the family tradition. Nidia has been a business owner and entrepreneur for the last 20 years. She feels proud that her business has helped her to pay for the education of four of her kids who already graduated from college.

Nidia is asking for a loan of $10,000 to complete the renovation of her business. The restaurant is currently closed due to renovation and is expected to reopen in late spring 2013.

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
  • 31
    View loans »
    United States Loans Fundraising
  • $12,688,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD