Funded

Total loan: $5,000
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Guadalupe


A loan of $5,000 helped to buy inventory for her new business location in Virginia.


Guadalupe's story

Guadalupe is originally from El Salvador and arrived in Maryland five years ago. In a difficult decision, she left behind her parents and her 13-year-old son to try to create a better future for the family in the United States. In El Salvador, Guadalupe worked in the accounting department of a coffee factory.

In 2009, after exploring different ideas for businesses, Guadalupe started Multienvios, a small business in Langley Park, Maryland. She sells cell phones, calling cards, remittances services and a variety of merchandise ranging from jewelry to clothing. She started the business with funds she had saved for two years, and the business is profitable.

This year, Guadalupe seized an opportunity to expand her business into Virginia. By subletting a small space in Falls Church, she was able to register the business and hire a new full-time employee to work at the store.

Guadalupe's Kiva loan will be used to support her with funds to buy new inventory, including cell phones for the holiday season, for the Virginia store. Having been denied a traditional bank loan, the loan will also help Guadalupe strengthen her credit history in the United States.

She currently lives in Silver Spring with her partner and their new 8-month-old son, David.



Loan details

Loan length:

22 months
Disbursed date: December 10, 2012
Facilitated by Field Partner: Latino Economic Development Center

Lenders and lending teams



Loan details

Loan length:

22 months
Disbursed date: December 10, 2012
Facilitated by Field Partner: Latino Economic Development Center