“Mi Rosita Restaurant” serves specifically Honduran food in a predominantly Hispanic area, which separates it from other local restaurants.
With the help of a $3,150 loan, Rosa can buy new chairs and tables to improve the look of her restaurant and attract more customers. She can also buy an icemaker that would save her the time and capital she spends on buying ice daily.
Rosa hopes to grow her restaurant business and eventually open a new restaurant in order to better support her four sons.
More information about this loan
This loan is part of the Kiva City Newark initiative in partnership with the Intersect Fund. Kiva City Newark 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 The Intersect FundThe Intersect Fund (IF) is a rapidly growing, nonprofit microlender and a certified Community Development Financial Institution that equips entrepreneurs in low-income areas of New Jersey with the skills and capital they need to build profitable businesses. Since inception, the organization has served more than 500 entrepreneurs. Kiva lenders’ funds are used to impact an even greater number of entrepreneurs in New Jersey and help them boost their incomes.
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Success!! The loan was 100% repaid