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Ulda and her family have been in the bakery business a long time. When her dad first came to the U.S., he was a driver for several bread distributors. He then became an independent driver and opened his own bread distribution business 20 years ago. When Ulda and her mom came to the U.S. from Ecuador, they joined in and made it a family business.

Ulda and her family are now looking to expand their enterprise and become bread manufacturers themselves. They already have the customer base from years of work in the industry and they plan to distribute to supermarkets, delis, and restaurants with whom they already have relationships. Her family is very hard working and successful. Their origins in Ecuador were humble: Ulda’s father had to move from city to city to keep food on the table. Still, Ulda believes her family can and will be well off. In order to become manufacturers, the family will need to buy equipment and a cold room. This loan will allow Ulda’s family to do just that and keep their business thriving.

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
  • $12,982,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $10,000 helped Ulda to buy equipment needed to become a bread manufacturer.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 11, 2013
Jul 14, 2013
Currency Exchange Loss:
Aug 17, 2015