Now, Yenifer is starting her own “Mami’s Daycare.” She says, “I am still in the start-up phase of my business, but the loan has helped me to pay for state license, permits, and construction that are required for my daycare business.”
With the help of this loan, Yenifer will be able to finish the construction of “Mami’s Daycare” and meet the needs of mothers and fathers in the community that work late nights or are attending school. She loves her community and aspires to give back with flexible hours and late hours of operation for these parents. The above photo features Yenifer with her baby, a relationship in her life that inspires her to work with children.
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