MD Dream Jump is a bonded, licensed and insured company, renting bounces to different families and kids’ parties across the greater Washington area. Since this business demands time mainly during the weekend, Jose Luis is currently maintaining his full-time job, but he is looking forward to being full-time focused in developing MD Dream Jump.
MD Dream Jump is requesting a $6,000 loan to improve the product offering and increase the business revenues with the following acquisitions:
Two additional bounces, to satisfy the increasing demand and to add more variety, since many prospective clients are asking for “cars- and Rangers-themed bounces” for older boys. Currently, he carries only Disney-themed bounces.
Chairs and tables to rent, since clients are permanently asking. This will add value (convenience) to the current business offering and will generate some marginal income as well. He is planning to buy chairs and tables.
More information about this loan
This loan is part of the Kiva City D.C. initiative in partnership with LEDC (Latino Economic Development Center). Kiva City D.C. 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 Latino Economic Development Center:Latino Economic Development Center (LEDC) is a community-based nonprofit that equips Latinos and other DC-area residents with the skills and financial tools to create a better future for their families and communities. Participants in our programs learn how to buy and stay in their homes, join with their neighbors to keep their rental housing affordable, and start or expand small businesses.
Kiva lenders’ funds are used to help LEDC support even more small businesses in low- and moderate-income communities in Washington, D.C. The funds are used to ease loan requirements, including decreasing collateral, interest rates and fees associated with loan disbursement. With Kiva capital, LEDC reaches out to borrowers that may not have met all of LEDC’s existing criteria, allowing the organization to grow its lending operations through its new subsidiary the Community Asset Fund for Entrepreneurs.
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