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Salvatore
Salvatore arrived from Peru in the United States fifteen years ago. Salvatore is a Black Belt in Brazilian Jiu Jitsu and he has received many international awards such as: second place in European Tournament IBJJ, 2 bronze medals in the Pan-American, and others.

Salvatore is a Graphic Designer and works part-time in his own business, SeinsiUSA. He created his own brand of Jiu Jitsu kimonos and began to market the kimonos successfully a year ago. Salvatore sells his kimonos through two distributors located in Maryland and Florida, and is currently opening up markets in Holland and Sweden.

Salvatore not only distributes the kimonos, but also offers the logo design and printing on the kimonos, customizing them based on the client’s needs. Salvatore is a single man, and he is currently getting a degree from Harvard University in Strategic Management through an online distance learning program.

The Kiva loan will allow Salvatore supply new orders and continue growing; Salvatore is requesting aid in financing the purchase of inventory and the purchase of a new professional computer screen.

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
  • 19
    View loans »
    United States Loans Fundraising
  • $11,264,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $5,000 helped Salvatore to supply new orders, purchasing inventory and a new professional computer screen.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 29, 2013
Listed
Apr 22, 2013
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2014