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Gladis is a Mexican immigrant who arrived in the U.S.16 years ago. She worked several jobs in her first few years here, but found a long-term career in hairdressing.

Gladis’ husband owns a restaurant called Las Cazuelas. Gladis divides her time between the restaurant and working at the William Anthony hair salon. As Gladis has the spirit of a hairdresser, she prefers to work at William Anthony full time. Her entrepreneurial drive, which she also cultivated at an Intersect Fund Class in 2009, has led her to consider buying the salon herself. With a loan of $5,335, Gladis can buy the salon and run her own business.

Gladis aspires to grow her business eventually into a complete spa that provides facials, nail care, and many other services.

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
  • 30
    View loans »
    United States Loans Fundraising
  • $12,260,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $5,350 helped Gladis to buy a hair salon and start working toward her own goals.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jun 3, 2013
Jul 14, 2013
Currency Exchange Loss:
Aug 13, 2013