A loan of $5,350 helped to purchase a forklift and renovate his auto shop.

Eduardo's story

Eduardo is a proud businessman and immigrant from the Dominican Republic. He owns and operates an auto shop in New Jersey. Even though he specializes in car electronics, he covers everything from engines and transmissions to A/C and heater repair. Even though his Newark shop is located far away from the Jersey Shore, Eduardo still suffered significant damage from Superstorm Sandy. After the storm hit in October 2012, he had to close down completely for two weeks. For months afterwards, demand for his services dropped off, as the surrounding community was still recovering from the storm’s damages.

However, the second half of 2013 looked stronger for Eduardo and he is excited for a comeback year in 2014. As a first-time microloan borrower, he will use this loan to purchase a forklift and renovate his shop.

Loan details

Lenders and lending teams

Loan details