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Maria was born and raised in the Dominican Republic where she opened her first beauty salon. In 2002, Maria emigrated to the U.S. Here in America, Maria worked in other salons for over 10 years. She opened her own parlor four months ago. From the parlor, she also sends money internationally for customers. Maria has high aspirations for her business. She hopes to expand and eventually open more salons.

This loan will allow Maria to create a web presence, buy more inventory, and most importantly, build her credit so she will have access to more capital in the future. Maria is confident that her personal relationship with her customer base and her unbeatable prices will lead her new venture to thrive!

Additional Information

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 Fund

The 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.

About United States

  • $54,800
    Average annual income
  • 24
    View loans »
    United States Loans Fundraising
  • $12,684,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,675 helped Maria to buy inventory and advertise her beauty salon.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 2, 2013
Jul 14, 2013
Currency Exchange Loss:
Aug 29, 2014