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Rosa
Rosa emigrated to the U.S. from Honduras in 1998. Before starting her own business, Rosa worked as an employee in another restaurant for many years. Rosa decided two years ago that she no longer wanted to be an employee and opened “Mi Rosita Restaurant.”

“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.

Additional Information

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 Fund

The 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.

About United States

  • $54,800
    Average annual income
  • 29
    View loans »
    United States Loans Fundraising
  • $12,247,925
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,150 helped Rosa to buy new tables, chairs, and an icemaker for her restaurant.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 6, 2013
Listed
Jul 14, 2013
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2014