Patricia (“Paty”) is originally from Mexico City, Mexico and moved to the States six years ago. She has eight years of experience in the catering and food market business from her home country of Mexico and five years of experience in the States.
Paty’s business, El Sabor del Taco, specializes in making typical Mexican food such as ceviche, moles, guacamole, tamales, and fresh fruit drinks. Paty currently sells her food at a Saturday farmer’s market. The loan will help Paty expand to start selling at a second farmer’s market on Sundays. In addition to the markets, Paty also sells her moles and tamales to a local grocery store and caters to various offices and embassies in the District.
Paty will also use the loan funds to cover a year of commercial kitchen rent, design marketing materials, and purchase kitchen equipment and inventory.
Paty’s future, long-term goal is to open a Mexican restaurant in the District of Columbia.
About Latino Economic Development Center:
Latino Economic Development Center (LEDC) is a community-based nonprofit that equips Latinos and other DC-area residents with the skills and financial tools to create a better future for their families and communities. Participants in our programs learn how to buy and stay in their homes, join with their neighbors to keep their rental housing affordable, and start or expand small businesses.
Kiva lenders’ funds are used to help LEDC support even more small businesses in low- and moderate-income communities in Washington, D.C. The funds are used to ease loan requirements, including decreasing collateral, interest rates and fees associated with loan disbursement. With Kiva capital, LEDC reaches out to borrowers that may not have met all of LEDC’s existing criteria, allowing the organization to grow its lending operations through its new subsidiary the Community Asset Fund for Entrepreneurs.