Jerry is a young man from an African-American community, who is trying to create opportunity for himself. By starting this business he hopes to achieve his dream for himself and his community. “I started this business because I enjoy working with dogs. [It's] something I like doing in my free time. But now I am looking forward to doing it as a full-time business,” says Jerry, the owner of "My Master’s Bestfriend, LLC". "But I will continue to work part-time at my current job. I will deliver the dog and cat food right to your house."
This loan of $4500.00 will help Jerry purchase a minivan for his business, so he can carry more cat and dog food. Jerry is working with PACE and Kiva because banks in his area do not lend to small businesses.
More information about this loan
This loan has been made in collaboration with CAMEO(California Association for Micro Enterprise Opportunity) in order to build microlending capacity in California. In this partnership, CAMEO serves to support California microlenders, such as Fresno CDFI, throughout its partnership with Kiva. CAMEO’s mission is to grow a healthy, vibrant, thriving environment for all entrepreneurs and start-up businesses by advancing the work of its statewide member network.
About Pacific Asian Consortium in EmploymentPacific Asian Consortium in Employment (PACE) is a large nonprofit community development organization based in Central Los Angeles, California. Founded in 1976, PACE offers training to low-income individuals and families to help them meet the challenges of employment, education, housing and business development.
Kiva lenders’ funds are used to support even more people, especially those who attend training sessions but who PACE is unable to serve because of capital constraints. The funds are also used to ease the organization’s loan collateral requirements.
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This loan has been fully funded!