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Sandro
Sandro came to the States in 1999 from Ecuador, where he studied computer technology. He continued his studies in Morristown, but wasn’t able to complete his degree after two years. At the time, Sandro had started his own computer repair business but put it on hold to work as a full-time painter, which provided more consistent income.

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.

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

  • $47,000
    Average annual income
  • 18
    View loans »
    United States Loans Fundraising
  • $11,197,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Sandro to help purchase equipment and marketing materials for a small start-up computer repair business.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 29, 2013
Listed
Oct 5, 2013
Currency Exchange Loss:
N/A
Ended:
Dec 12, 2014