Although his family, home and business were all affected, Bob fought on. He is still rebuilding, but has succeeded in keeping his business running while employing four workers. Unfortunately, Bob is unable to bid for many big-ticket contracts because he lacks a Bobcat loader. With this piece of equipment, his business can take off and he can even take part in Sandy rebuilding contracts.
He will use this loan to purchase a used Bobcat.
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 FundThe 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.
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