In 2009, Sandro began repairing computers again on nights and weekends using the substantial customer base he had built over the years. Though he still paints during the day, he runs a small computer repair operation out of his basement. His expertise, affordability, and ability to speak both English and Spanish make Sandro’s services appealing to customers.
The funds from this loan will go toward purchasing equipment, such as monitors, hard drives, and cables, to assist the business. Sandro will also invest in marketing materials, such as flyers, in order to attract more clients. Sandro’s long-term goal is to move from his basement into a storefront.
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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Success!! The loan was 100% repaid