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An icon in the Newark community, some have called Charles’s business a “survivor”. Established in 1973, Charles's lounge is not only a city landmark, but also a symbol of Charles’s resilience.

Originally from Alabama, Charles lost both a son and a wife within a year apart of each other. Raising seven children and running a business was challenging for Charles. He fell behind in his finances and still suffers from the effects of that difficult time.

While supporting his children through college, Charles aims to get his business back on track. The funds from this loan will be used to install necessary security cameras and to invest in marketing to better publicize the lounge.

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
  • 32
    View loans »
    United States Loans Fundraising
  • $12,684,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $5,350 helped Charles to purchase security cameras and invest in marketing for his longtime lounge.
Repayment Term
22 months (Additional Information)
Repayment Schedule
Jul 31, 2013
Sep 4, 2013
Currency Exchange Loss:
Oct 4, 2013