After working in the construction industry for a year, he moved to Virginia where, since his arrival, he has been working in the field of heating and air conditioning. After Dagoberto acquired experience as a worker, foreman and supervisor, his boss suggested that he open his own company. As a result, Dagoberto created his own heating and air conditioning company.
Currently, the company is negotiating contracts with larger companies, aiming to diversifying its customer base. One of the drawbacks that the company has faced in seeking larger contracts has been the need for equipment and cleaning materials. Dagoberto is soliciting a $10,000 loan for purchasing new equipment and supplies. This will enable him to make his company grow.
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 Center:Latino 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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