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Martin
In 2004, Martin started to make mole at home for family events. His mole recipe was well received by friends and family and Martin steadily came to the idea of branding his mole in order to sell it to the public. The idea of expanding was a great opportunity for Martin to sell his products to the U.S. market however, he did not have a stable job and he decided to take on the challenge of expanding and exporting the product on his own. The first step was to begin exporting by first obtaining the proper permits from the FDA. Ever since then, Martin has slowly been exporting products from Mexico to the U.S. The long-term objective is to progress into a successful commercial distribution center and increase its product depth and breadth.

This Kiva loan will allow Martin to expand his business and make his dreams of introducing quality mole to the U.S. market a reality.

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.

Tags

About United States

  • $47,000
    Average annual income
  • 20
    View loans »
    United States Loans Fundraising
  • $11,189,025
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $10,000 helped Martin to expand his business making mole and distributing his products in the United States.
100% repaid
Repayment Term
42 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 10, 2014
Listed
Jul 12, 2014
Currency Exchange Loss:
N/A
Ended:
Mar 20, 2015