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Jose
Jose came to the US from the Dominican Republic over twenty years ago. He has had ample experience working for others as a cook and selling groceries, but now he is ready to pursue his dream of running his very own business.

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.

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
  • 27
    View loans »
    United States Loans Fundraising
  • $12,266,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $4,300 helped Jose to purchase furniture and food inventory for a Dominican startup restaurant.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 19, 2013
Listed
Oct 26, 2013
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2015