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Maria
Maria has always been an entrepreneur; she started her own business at age 12 in Mexico, but was forced to leave the country because of difficult circumstances. She came to the USA in 1988 with her four children and worked non-stop to support her family.

Now, 25 years later, Maria has worked in almost every position in the restaurant industry and is starting her own café, "De Todo Un Poquito". Raising the funds to start her own business was not easy. She saved what she could out of every paycheck she received to be able to purchase the equipment she would need. Three years later, and with about $60,000 in equipment, she is finally ready to open. She even used the money she got back from her tax returns to pay the down payment for the café’s lease and pay the first few months rent.

She is requesting a $5,000 Kiva loan, the only amount she has not been able to cover herself, to purchase inventory and pay for inspection and permit costs. With the $5,000 from Kiva, she will finally be able to open the doors of her beloved little café on Van Nuys and Victory Blvd.

Additional Information

More information about this loan

This loan is part of the Kiva City Los Angeles initiative in partnership with the Los Angeles Mayor's Office of Small Business and VEDC (Valley Economic Development Center). Kiva City Los Angeles 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.  

Important Information

Valley Economic Development Center (VEDC) is a non-profit community development financial institution and the largest provider of loans for small businesses and micro-entrepreneurs in the Greater Los Angeles area. In addition to loans, it offers extensive training opportunities, workshops, consulting and small business support services.

Tags

About United States

  • $47,000
    Average annual income
  • 19
    View loans »
    United States Loans Fundraising
  • $11,487,075
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $5,000 helped Maria to purchase inventory, remaining food, and a beverage license in order to finally open the doors of her beloved little café.
46% repaid
Repayment Term
40 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 13, 2013
Listed
Sep 18, 2013
Currency Exchange Loss:
N/A