According to Taneice, the hair replacement industry earns more than $1 billion/year in the United States alone. Millions of women suffer from some form of alopecia or sudden hair loss every day.
Having experienced her own traumatic hair loss several years ago, Taneice wanted to do something to help women and educate them about the latest techniques to help combat their hair loss.
The salon and spa offers unique services such as custom wigs, head shavings, mastectomy fittings, and lymphatic drainage, as well as massages, facials, wraps, pedicures, nails, and waxing. It also offers retail products that are all natural, organic, paraben and carcinogen free.
This loan will be used for expenses associated with a start-up salon and spa including rent, insurance, fees, licensing, inventory, equipment, build-out costs, advertising, products and supplies, signage, software, utilities and wages. In addition, Heaven Your Way hopes to create 14 jobs upon opening.
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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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This loan has been fully funded!