Wednesday, January 16, 2013

Zip borrower Cafeto grows with second loan

Victor at Cafeto's first location.

Zip borrower Victor Chicero, owner of San Francisco-based coffee shop Cafeto, received one of the very first Kiva Zip loans to finish construction of his shop and realize his dream of owning his own business.

Now, we’re thrilled to announce that Cafeto was so successful in its first year that Victor is already taking out another loan to open a second location! Victor’s first loan allowed him to create four new jobs, and with a second location, he can create even more. None of it would have been possible without Kiva Zip!

Not only is this is Kiva Zip’s first ever repeat loan -- a major milestone for us -- but it’s also the largest Zip loan to date at $10,000!

Recently, Victor gave us an update on his business.

“I have not only been able to accomplish my dream of ownership, but with Kiva’s support I am moving forward with my dreams of expansion,” Victor says.

And right now -- thanks to an anonymous generous donor -- all loans to Victor will be matched until he’s fully funded!

Victor setting up Cafeto's second location thanks to Kiva Zip!