Lee followed in his parent's footsteps and started his own farm in 2012, successfully farming 10 acres of tomatoes, green beans, eggplant and other specialty Asian crops. He received a loan from Fresno CDFI to start the farm and repaid the loan in full.
Lee's farm is located on the outskirts of Fresno. He is now getting ready for the harvest season. He sells his products to local packing houses and wholesalers. Lee is requesting $5,000 to pay his harvesting crew as well as for fertilizer and other supplies for the farm. Savings from a Fresno CDFI Individual Development Account (savings match program) will supplement loan proceeds.
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 Fresno Community Development Financial InstitutionFresno Community Development Financial Institution (Fresno CDFI) provides affordable financing, training and technical assistance to individuals, small businesses and community facilities. Founded in 2007, it focuses its efforts on low- and moderate-income communities aiming to serve the financial needs of small business owners and entrepreneurs.
Kiva lenders’ funds are used to expand Fresno CDFI’s microenterprise loan fund with a focus on providing loans under $10,000. This is of particular importance to Fresno CDFI because the organization was initially created with the intention of servicing borrowers in need of smaller loans.
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Success!! The loan was 100% repaid