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Anne
Anne and her husband had worked for large corporations for many years; however, they never forgot their parents’ accomplishments. Their parents had worked hard to open their own small businesses, and that inspired them. Anne and her husband dreamed of the day that they, too, would be able to own their business.

In 2008, they began to pursue that dream. It took a lot of hard work and a lot of searching, since financing was not easy to come by, especially in the economic downturn. However, Anne and her husband were able to receive a loan to purchase a store that was part of a franchise, The UPS Store. This store had been poorly managed for several years leading up to the sale, so upon taking over, they had their work cut out for them. Much of the equipment in the store was old and not functioning properly, and they realized that to make their business profitable, they would need to invest in new equipment or risk failing.

This Kiva loan will help them purchase the equipment they need to keep the store afloat and offer their services in the best manner possible.

Additional Information

More information about this loan

This loan is part of the Kiva City Los Angeles initiative in partnership with the Los Angeles Mayor's Office of Small Business and VEDC (Valley Economic Development Center). Kiva City Los Angeles 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.  

Important Information

Valley Economic Development Center (VEDC) is a non-profit community development financial institution and the largest provider of loans for small businesses and micro-entrepreneurs in the Greater Los Angeles area. In addition to loans, it offers extensive training opportunities, workshops, consulting and small business support services.

About United States

  • $47,000
    Average annual income
  • 14
    View loans »
    United States Loans Fundraising
  • $11,545,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $10,000 helped Anne to purchase machinery and equipment needed to keep the store afloat and offer services in the best manner possible.
Repayment Term
63 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 28, 2013
Listed
Jul 4, 2013
Currency Exchange Loss:
N/A
Expired:
Aug 3, 2013