Check out other loans that are currently fundraising!
Waldy
Waldy moved from his home in the Dominican Republic to the States ten years ago. In 2006, he began working in construction as a carpenter, and he gained administrative and management skills. Earlier this year, he put those skills to use and started his own construction business.

Based out of Union City, Waldy’s construction business is small with less than seven employees. Waldy would like to focus on better marketing his services around New Jersey and expanding those services to compete with bigger companies.

Waldy wants to demonstrate responsibility through this small loan in order to apply for larger loans in the future. The funds will be used specifically to advance the costs of labor and materials, such as power tools, which is necessary in order to bid for larger projects.

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.

Tags

About United States

  • $54,800
    Average annual income
  • 29
    View loans »
    United States Loans Fundraising
  • $12,247,925
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $5,250 helped Waldy to advance the costs of labor and materials, such as power tools, which is necessary in order to bid for larger projects for his construction business.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 23, 2013
Listed
Oct 23, 2013
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2015