Last month, he opened De Lo Mio Restaurant, a Dominican restaurant in Perth Amboy, New Jersey. As a startup, he faces the challenge of establishing his brand and meeting his targets for revenue. However, Jose is confident that his experience, along with help from a microloan, will give him the tools needed to succeed.
Jose will use this loan to buy furniture and food inventory for De Lo Mio Restaurant.
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