MY LATEST LOANS THRU KIVA 10NOV11

MY second loan through Kiva today. This is my second loan to someone in the U.S. As a supporter of the Occupy Wall Street and Move Your Money movements I am disgusted by the greed of wall street and the unwillingness of American financial institutions to loan to the poor, working class and middle class, preferring to sit on trillions of dollars, loaning only to the wealthy and powerful and so increasing their own wealth. So I will continue to loan to entrepreneurs in Third World countries, but I will also loan to entrepreneurs in the U.S. to put Americans back to work. Check out Kiva for a loan to an American business you might want to make.

Richard

New York, New York, United States Services | Laundry

A loan of $10,000 helps Richard to pay for construction and labor for expansion of his laundromat.

Richard, a humorous and charismatic entrepreneur, saw an opportunity to serve his community with a laundry business nine years ago. He now owns a busy and successful Laundromat in New York City. In this tough economy, he has created jobs for six people and this loan will help him offer one more position. This business is supporting Richard’s family, including his three children. Over the years, he has been able to expand the business with additional washers and dryers, but is running out of space for additional equipment.

With this loan from Accion USA, Richard will expand his Laundromat into his current office in the building to add 11 washers and 5 dryers. The loan will pay for the construction and labor as well as installation of the new equipment.

Additional information about this loan

Important information

Kiva realizes that access to credit is a challenge for entrepreneurs everywhere. Kiva started out as a website focused on developing-world entrepreneurs. In June 2009, Kiva began experimenting with allowing entrepreneurs in the United States to raise money on its website. If this is something you support, please feel free to fund this loan. If you have questions, including how an entrepreneur in your neighborhood might get a loan, please visit our Help Center and click on "Loans in the United States."

About the Country

Country:

United States

Average Annual Income:

$47,000

Currency:

United States Dollars (USD)