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Hurricane Sandy knocked down Tony’s car sales business, but he’s determined to rise again. He lost several vehicles totaling thousands of dollars. With light, flood and building damage, he could not conduct business for two months, costing him a significant amount of lost income.

However, following his most challenging year of business, Tony is looking to improve operations. He has opened a new, more secure location and now needs to get the word out with advertising. He will use this loan to initiate a marketing campaign in the Lakewood, New Jersey area.

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.

About United States

  • $54,800
    Average annual income
  • 18
    View loans »
    United States Loans Fundraising
  • $12,452,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Anthony to advertise a new location for his car sales business hit hard by Hurricane Sandy.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 4, 2013
Dec 3, 2013
Currency Exchange Loss:
Dec 31, 2014