In 2009, they opened their own business, Indigo, to prepare and sell their homemade Indian food. They currently sell their Indian food at two farmers markets in Washington, DC. Dinesh and his wife have gained a strong following at the farmer’s markets and their customers have requested that the couple establish their own brick and mortar restaurant. The couple found a location in Washington, D.C., and recently signed a lease to open their first Indian restaurant. The restaurant is scheduled to open this summer.
The couple is requesting a $10,000 to purchase equipment such as a range, a refrigerator, a steam table, as well signage for the front of the restaurant.
Dinesh and Nidhi have three children and in the future they plan to open additional Indian restaurants in the Washington, D.C. area.
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 CenterLatino 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.
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