Total loan: $10,000


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Pittsburgh, PA, United States / Education

Leslie's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!

A loan helped provide elementary aged children a first-rate after school site.

Leslie's story

Hello. My name is Leslie. I am a Pittsburgh native currently in the process of opening an after school site in the Penn Hills area of Pittsburgh. Let me tell you a little bit about how I got to this point. In 2010, I took early retirement and decided to start a daycare center in partnership with my niece, Crystal, in order to supplement my retirement income. We opened our daycare center in the borough of Wilkinsburg, just minutes outside of Pittsburgh. For almost 4 years, we took care of the children of Wilkinsburg parents, giving them wonderful care throughout the day so that their parents could go earn a living. We received a Kiva Zip loan for that business in 2013 which we finished repaying in 2015. You can read more about it at zip.kiva.org/loans/1846. However, it eventually dawned on us that we were not having the kind of impact that we hoped to have. While the care that we gave to the children who attended our center was exceptional, the fact remained that we did not have the funding month in and month out to do what we needed to do. This is because at an all-day center, about 80% of monthly revenue goes towards payroll. However, at an after school center, payroll only takes up about 20% of monthly income, thus freeing up more funds to do more things for our children. After this realization, we decided to close our all day center in August of 2015 and begin planning the opening of our after school center in the fall of 2016. While there will be plenty of revenue coming in once the center opens, we do need funding help to get things off the ground.