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Diego
Diego is an Ecuadorian immigrant who moved to the U.S. in 2010. Not being able to find a job pushed him to start his own business, in which he exports products from the U.S. to Ecuador. He identified that there was a large Ecuadorian population on the East coast and therefore, there was a demand for the exportation of products that people wanted to send back home.

Diego’s goals are to expand his business into other states where the Ecuadorian population is growing. The loan of $2,150 will allow Diego to purchase a van and have working capital for his business. With both of these, he hopes to offer new product lines in Ecuador and the U.S.

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
  • 34
    View loans »
    United States Loans Fundraising
  • $11,835,475
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,150 helped Diego to purchase a van and transport more exports.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 1, 2013
Listed
Jul 14, 2013
Currency Exchange Loss:
N/A
Ended:
Aug 27, 2014