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Mark
In 2010, Gladis and her husband, Mark, started L&G Enterprises to provide janitorial services to residential homes in Montgomery County, Maryland. The couple started their business with their savings. The company has been growing quickly and the owners are in need of new funds to support the company’s growth. Gladis and Mark are proud of the fact that their company employs three people. They look forward to hiring more employees in the near future. They also plan to expand their services to include commercial buildings.

Gladis and Mark have been married for over eight years. Gladis is originally from Peru and Mark is from the States.

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

  • $47,000
    Average annual income
  • 18
    View loans »
    United States Loans Fundraising
  • $11,555,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $7,500 helped Mark upgrade and buy new equipment for their janitorial services business in Montgomery County, Maryland.
77% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 1, 2013
Listed
Apr 8, 2013
Currency Exchange Loss:
N/A