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Jean
Jean has always been a caretaker by nature. By being a teacher and daycare employee for many years, Jean has become a mother, in her own right, to every child she cares for and educates. She is well respected in her community for this very reason. Jean knows her community is in need of a daycare with extended hours for hard-working parents.

Once this need was identified, Jean knew she wanted to be the one to create the solution. The only thing stopping her from opening her own childcare center was the lack of access to capital. It is for exactly this reason that Jean requested a loan. With this loan, Jean can buy furniture for her daycare. With the presence of her daycare, more children will have caretakers when their parents are working, and will be educated by a sharp woman at the same time. In the future, she hopes to expand and employ more caretakers just as passionate as she is.

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
  • 30
    View loans »
    United States Loans Fundraising
  • $11,305,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $5,350 helped Jean to purchase furniture for her daycare center.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 5, 2013
Listed
Jul 14, 2013
Currency Exchange Loss:
N/A
Ended:
Feb 17, 2015