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Zhen
Zhen came to the U.S. as an asylee with his parents when he was a teenager. His parents worked so hard to help him go to school, but because of their limited language skills, after college he had to start working to support the family. He started as a truck driver. However, as an entrepreneur, he always wanted to do some business by himself. Gradually, he started selling online clothes that he bought from China to the U.S. After several years in operation, he has already built a steady supply and has a steady income.

Now, because he is expecting a baby soon and because he has a dream of being a business owner, he decided to take the risk to open his own clothing store. With this store, he can be close to the family and realize his dream at the same time. A $6,000 KIVA loan will help him to build more inventories and complete the remolding of the store.

Additional Information

More information about this loan

This loan has been made in collaboration with CAMEO(California Association for Micro Enterprise Opportunity) in order to build microlending capacity in California. In this partnership, CAMEO serves to support California microlenders, such as Fresno CDFI, throughout its partnership with Kiva. CAMEO’s mission is to grow a healthy, vibrant, thriving environment for all entrepreneurs and start-up businesses by advancing the work of its statewide member network.

About Pacific Asian Consortium in Employment

Pacific Asian Consortium in Employment (PACE) is a large nonprofit community development organization based in Central Los Angeles, California. Founded in 1976, PACE offers training to low-income individuals and families to help them meet the challenges of employment, education, housing and business development.

Kiva lenders’ funds are used to support even more people, especially those who attend training sessions but who PACE is unable to serve because of capital constraints. The funds are also used to ease the organization’s loan collateral requirements.

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About United States

  • $47,000
    Average annual income
  • 18
    View loans »
    United States Loans Fundraising
  • $11,197,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD