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When Jimmy was only 16 years old, his mom gave him $800 worth of savings. Jimmy put it into installing his first sound and light system in his own basement. When people started noticing, they called him to set up their parties too. It was in this way that Jimmy's business started. Now, 20 years later, Jimmy is a professional DJ and sound/light installer. Jimmy sets up any stage, from basements to banquet halls. He has contracts with several important venues in the area.

Jimmy is proud of what he does. Being a DJ and installing sound and light systems have been his passion for over half his life. With this loan of $5,250, he can purchase brand new lighting equipment, land his next big contract, and truly turn his basement business into a success.

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.

About United States

  • $54,800
    Average annual income
  • 0
    View loans »
    United States Loans Fundraising
  • $12,977,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $5,250 helped James to purchase the lighting equipment that will allow him to land his next big contract.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jun 20, 2013
Jul 14, 2013
Currency Exchange Loss:
Aug 13, 2013