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Jorge
When Jorge moved to the US from Venezuela four years ago, he immediately set his entrepreneurial skills to work. He created his own business selling ice cream and hot dogs as a street vendor, and has been steadily growing his profits over the years. A five-time repeat borrower in good standing with the Intersect Fund, Jorge has seen the benefits of micro-loans on his business.

With this loan, Jorge will purchase a new vending cart, so that he can expand his venture.

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
  • 36
    View loans »
    United States Loans Fundraising
  • $11,835,475
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $5,500 helped Jorge to purchase a new vending cart for thriving hot dog business.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 30, 2013
Listed
Nov 4, 2013
Currency Exchange Loss:
N/A
Ended:
Jun 20, 2015