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Jennifer
Jennifer is an ambitious young woman. She is currently employed full-time. At the end of her busy day, she travels to her second job, a part-time commercial cleaning company that she owns. She is registered as a minority business owner and is working to get additional commercial contracts to grow her business.

Jennifer's dream is to operate her cleaning company as a full-time business owner. In order to realize that dream she needs to purchase the equipment that will allow her to service her current customers faster and more efficiently while also pursuing larger commercial contracts.

With a loan of $2,650 Jennifer will be able to purchase equipment necessary to build that capacity. This is a step forward towards her dream.

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

  • $54,800
    Average annual income
  • 28
    View loans »
    United States Loans Fundraising
  • $12,059,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $2,650 helped Jennifer to buy equipment that will increase the capacity of her cleaning business to provide services.
91% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 15, 2014
Listed
Aug 20, 2014
Currency Exchange Loss:
N/A