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Leonardo was born in Ecuador. At the age of 18, he started a business selling products to people in his town and nearby cities. Thirteen years ago, he decided to explore the United States and learn about new technology. When he arrived in the U.S., he worked a low-wage job for about four months. He then started his own business with the savings he had accumulated over many years. Leonardo distributes cosmetic products all over the U.S.

Leonardo's goals are to expand his product line to new and previous customers. This loan will help Leonardo purchase a vehicle, advertise his business, and visit more stores in order to increase his sales.

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
  • 26
    View loans »
    United States Loans Fundraising
  • $12,684,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $9,900 helped Leonardo to purchase a new vehicle, pay for advertising and pay for travel to new accounts.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 3, 2013
Jul 14, 2013
Currency Exchange Loss:
Aug 13, 2013