And Juliana is doing just that. Recently, she saw an opportunity in a Mexican restaurant that was being shut down. She took advantage of the moment and bought the place, which she has transformed into a restaurant for Peruvian cuisine. Juliana is set up for a grand opening very soon. She is confident in her venture because she already has a loyal client base from her home catering business.
Juliana needs basic working capital as she prepares for the opening. The money from this loan will be used for food, inventory, and other start-up costs that she needs to cover for her enterprise to be successful.
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 FundThe 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.
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Success!! The loan was 100% repaid