Today, Catarina’s company is the first of its kind to offer handmade Portuguese acrylic stamps. As a single mother, Catarina said, keeping in touch with her family in Portugal was what inspired her to start this business. She currently has distributors at two stores in Brazil and one in Portugal.
Though she is self-taught, Catarina has a natural eye for design. Her goal is to expand her online business into a storefront in Union, New Jersey. The loan will be used to help purchase equipment for the storefront, including fixtures and desks. A talented baker, Catarina would eventually like to sell cupcakes at her shop as well.
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