A loan of $4,500 helped to purchase inventory for his cosmetic products wholesale business.


Jinfeng's story

Jinfeng is an asylee from China. He used to have an import and export business in China. He is also an advocate of democracy in China. However, for this reason, he was persecuted by the Chinese government and had to close his business and escape from China with all his personal assets left behind.

He arrived in the U.S. in 2008. With his experience in the import and export business, he worked for a cosmetic products importer for three years. However, he is always an entrepreneur and doing business is always his goal. After he accumulated enough experience in doing business in the U.S., in 2011, he decided to start his new venture on this new continent as a wholesaler of cosmetic products. However, the business isn't always smooth. Because of limited capital, he has to rely on the bigger wholesalers who will eat up his profits. Now, with this Kiva loan, he can import in bulk from the manufacturers directly to increase his margin. His hope for his new life here in the U.S. all depends on this business.



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Loan details