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.
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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