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Latonia
Latonia owns a home-based childcare business in East Orange. As a foster parent of five children, Latonia has always had a passion for raising children. She has been in business for one year, and currently employs three people.

The funds from this loan will go towards toys and equipment (such as cribs, play mats, and decorations) for Latonia’s modest business. Eventually, she would like to own her own official daycare and serve more families in the 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.

Tags

About United States

  • $47,000
    Average annual income
  • 14
    View loans »
    United States Loans Fundraising
  • $11,545,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,250 helped Latonia to purchase toys and equipment for childcare business.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 31, 2013
Listed
Jan 29, 2014
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2015