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Marc Elysee
Marc is a 43-year-old entrepreneur from Ivory Coast, Cote d’Ivoire seeking the American Dream and giving his family a better life. Marc established a business called Excellent Prix Mini Market in December of 2011 in pursuit of that dream. Prior to opening the business, Marc struggled through much adversity. In one instance, a previous landlord of the retail location required Marc to prepay the rent for a full year. After being at the location for a few months, the landlord placed a condition to Marc requiring that his mini market only sell African food, otherwise they would not be allowed to retain the location.

Without proper resources to secure a resolution, Marc left the location and the unused prepaid rent, for which he was entitled to receiving a reimbursement. Marc has moved on and has since secured a new location with a new landlord. He is now seeking a microloan to finance the store’s inventory.

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

  • $54,800
    Average annual income
  • 30
    View loans »
    United States Loans Fundraising
  • $12,059,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $10,000 helped Marc Elysee to purchase inventory for his Excellent Prix Mini Market at his new location.
Repayment Term
63 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 27, 2013
Listed
Jul 3, 2013
Currency Exchange Loss:
N/A
Expired:
Aug 2, 2013