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Robert
Bob is a proud, lifelong resident of the Jersey Shore with ample experience in construction. On October 12, 2012, he started his own business. Luck couldn’t have been worse—seventeen days later, Superstorm Sandy struck and wiped out everything Bob had.

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.

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

  • $47,000
    Average annual income
  • 17
    View loans »
    United States Loans Fundraising
  • $11,018,100
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $5,350 helped Robert to pay for a used Bobcat loader.
71% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 9, 2013
Listed
Dec 13, 2013
Currency Exchange Loss:
N/A