With the economic downturn in 2008, Jose saw his sales go down and the last few years have been very tough. Now that things have gotten a bit better, he is eager to get sales back up, but he needs to purchase and upgrade his equipment to maintain the quality of his work. He is also looking to increase the marketing of his business by attending Home and Garden trade shows.
With this $7,000 loan from KIVA, he will be able to market his business and get the equipment he needs to continue operating.
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 InformationValley 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.
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Success!! The loan was 100% repaid