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Five years ago, Carlos decided to open his own construction business in Union City. Last year, his dream was realized and Carlos finally gained the permits and licensing to obtain his own contracts.

Carlos is already part of large network of contractors, having been working in the construction industry for 15 years. He is well known in the sector for having detailed work, and his good reputation allows Carlos to obtain contracts easily.

Originally from Peru, Carlos manages four employees in the company. He and his wife are both entrepreneurial; she opened a restaurant this year and also provides jobs within the community. Together they are raising two children.

The nature of his work means Carlos gets paid quarterly. The funds from this loan will be used for working capital to pay for transportation, labor, and material costs for one of his projects. Carlos looks forward to growing the company and hiring more employees in the future.

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

Success!! The loan was 100% repaid

A loan of $1,150 helped Carlos to pay for construction company’s transportation, labor, and material costs for one project.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 3, 2013
Nov 6, 2013
Currency Exchange Loss:
Dec 12, 2014