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Kuku’s business, Kristal Cargo, offers international cargo shipment services for consumers, primarily to Nigeria. Kuku collects boxes from customers at his home and aggregates them together into 3-5 shipments per month that are sent via air to Lagos, Nigeria. Kuku’s customers are primarily Nigerian immigrants from all over New Jersey who are sending packages to their home country. So far, Kuku has been operating his business from his living room. He has even removed his dining table in order to support it.

Kuku needs this loan of $10,000 to buy a plot of land on which he can build a warehouse to sustain his business. This will increase Kuku’s capacity and allow him to take even larger shipments in the future. Right now, Kuku has his tractor parked outside of his home in a residential area. In order to respect zoning laws and not be shut down, Kuku needs to find another place for it soon. A plot of land will provide him a space within which to park it. Kuku hopes to grow his business enough within the next three years to quit his installation work. He is happy that his business helps Nigerian immigrants send shipments back home and maintain ties with their home country.

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
  • 20
    View loans »
    United States Loans Fundraising
  • $12,458,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $10,000 helped Kuku to purchase a plot of land on which he can build a warehouse.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 11, 2013
Jul 14, 2013
Currency Exchange Loss:
Aug 13, 2013