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Hector
Hector comes from Honduras. Back in his own country, Hector used to work in the car business. After moving to the U.S. eight years ago, he started working in construction. He then had an accident, which left him unable to continue construction work. It was then that Hector reverted back to his passion, and started a business in which he sells, rents, and repairs cars.

This loan will allow Hector to buy the spare parts he needs to repair 7 of 30 cars in his shop so that he can sell and rent them out to the community. The repairing of these cars will allow him to generate more business and lead him to more success. Hector has great entrepreneurial drive and is very thankful for this opportunity to do what he loves!

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

  • $47,000
    Average annual income
  • 16
    View loans »
    United States Loans Fundraising
  • $10,945,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,325 helped Hector to buy spare parts to repair seven cars.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 3, 2013
Listed
Jul 14, 2013
Currency Exchange Loss:
N/A
Ended:
Aug 27, 2014