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Juliana
Juliana is a hard working woman. She has spent years working full time at a laundromat, and has even done catering from home on the weekends just to be able to pay the mortgage. Even though things have been tough for her, Juliana has always believed she could start a venture of her own and become her own boss.

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.

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
  • 33
    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 $5,425 helped Juliana to buy the inventory and food needed for her upcoming restaurant opening.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 15, 2013
Listed
Jul 14, 2013
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2015