Junkgirls, Llc Group
We are Social Entrepreneurs that work within the emerging new industrial revolution of Makers/Do It Yourself Micro-Manufacturing. Considered innovators by many, we are utilizing our background in art & design to create inventive ways to repurpose what some call junk into beautiful art, jewelry and home décor products, while enabling ourselves and others to heal during and by this process.
The manufacturing of our metal stamped products is done 100% by hand. This is our number one area of growth, with our retailers requesting higher product volume than we can supply. By automating the process we can build product at least 4-5 times faster to meet the market demand. A KIVA loan will help us with the first round of tools used in building the metal stamping automation process.
More information about this loan
This loan is part of the Kiva City Los Angeles initiative in partnership with the Los Angeles Mayor's Office of Small Business and VEDC (Valley Economic Development Center). Kiva City Los Angeles 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.
Important InformationValley Economic Development Center (VEDC) is a non-profit community development financial institution and the largest provider of loans for small businesses and micro-entrepreneurs in the Greater Los Angeles area. In addition to loans, it offers extensive training opportunities, workshops, consulting and small business support services.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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This loan has been fully funded!