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Ricardo had been working at a job he didn’t like for over ten years. He was tired of complaining about it and not doing anything to change his situation so he decided to start his own business and be his own boss. He got into the vending business in 2013 and loves it. The only problem is, he says:

"I was receiving more requests for my vending services to the point I ran out of money to buy machines and had to think of another way to receive funds to purchase more. I tried going to the traditional banks for loans and that was a dead end. I was ready to begin using my credit cards to purchase machines until a friend of mine referred me to Valley Economic Development Center (VEDC). A representative at VEDC informed me about the company Kiva and how they help people with small business. I was a little nervous to apply for this loan because I have been denied before, but I am glad I did because I was approved. I was able to buy more machines and even rent an office space for my products and equipment. Thanks to Kiva, I am able to continue to expand my business."

Additional Information

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 Information

Valley 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.


About United States

  • $54,800
    Average annual income
  • 26
    View loans »
    United States Loans Fundraising
  • $12,684,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD