Wislet’s specialty is building cell phone towers. He needs money to execute contracts that cost upwards of $30,000 to secure. Reliable vehicles and labor are expensive. Though the scope of work differs with each contract, crews typically require at least four people, and at least one must be a certified climber. The money from this loan will go toward these expenses.
Looking forward, Wislet hopes to hire five teams of at least five people to work with him. His goal is to help people by providing more jobs and allowing them to support themselves and their families.
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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