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Martin
Martin is from El Salvador. From 2001 to 2012 he was a sales representative for a coffee distribution company in the DC metropolitan region. In 2012, the company was bought by a food distribution company and Martin was laid off. He received a compensation package that he invested in a van and coffee inventory to start his own business, doing what he knew best, selling coffee.

Since 2011 when Martin knew that the company he worked for was going to be sold, he was getting ready to transition from full employment to business owner. He incorporated his business –Palmoro- and started right away distributing a coffee brand that he knew very well from his previous job.

Martin is applying for a $5,000 loan to buy inventory to grow his business.

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
  • 14
    View loans »
    United States Loans Fundraising
  • $11,545,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD