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Juana
Juana has more than 10 years of experience as a hair stylist, starting in her home country of the Dominican Republic. With a cosmetology license from the State of New Jersey, Juana started working in Lexoos Salon, one of the oldest and busiest beauty salons on George Street in New Brunswick. Being paid entirely on commission, Juana developed her sales skills and built a strong client base at Lexoos.

In May 2011, Juana decided to open her own business and purchased a beauty salon in downtown New Brunswick. Juana invested $20,000 of her savings to purchase the existing business and to buy new equipment. She continues to invest all of her time as well, working seven days a week and coming into the shop even on holidays.

This loan will allow Juana's salon to offer new services, such as pedicures. Juana will generate additional income and also be able to further differentiate her business from other beauty salons in New Brunswick.

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
  • 21
    View loans »
    United States Loans Fundraising
  • $11,189,025
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $9,975 helped Juana to purchase pedicure equipment for her thriving beauty salon.
59% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 31, 2013
Listed
Nov 15, 2013
Currency Exchange Loss:
N/A