Welcome Kiva User! Kiva Zip is different from Kiva in some important ways. Learn More.
share

Joseph

Park Island Market and Cafe

Hot Springs, Garland County, AR

[Image]
Personal Story

Raised in rural California and having moved to New York City as a teenager, I was always torn between city and country life. After some college I went on to work for the Italian publishing company, Rizzoli, as a book buyer. In 1990, with a mission to diversify the nightclub scene, I embarked on a ten year career as a New York City night club promoter and created one of New York's longest running weekly events, Cafe con Leche. Becoming interested in the green movement and neighborhood revitalization, I settled in Hot Springs, Arkansas in 2000, falling in love with its fusion of rural and urban life. I immediately saw an "open canvas" in downtown Hot Springs, particularly the Park Avenue Historic District, which had suffered recent neglect. However, it had immense potential with its quirky character and its unique location being a neighborhood completely surrounded by a National Park. Working as a server, bartender and manager at some of downtown Hot Springs' finest dining establishments, I financed a house and then an inn at the entrance to the Park Avenue neighborhood. Lacking any kind of market in the neighborhood beyond a convenience store, I quickly set a goal to open a market and healthy reasonably-priced cafe in the community.

Business Description

Park Island Market and Cafe was started in response to a neighborhood that lacked basic grocery items, much less produce, organics and international grocery items for its diverse community. After its opening on March 1, 2013, Park Island has already begun to fill this need with a small stock of conventional and health-conscious products in addition to produce and reasonably-priced healthy cafe selections.

We are currently going into the local growing season and are expanding our local produce offerings, meat and cheeses. We would also like to expand into bulk bins, a quick way to provide fairly-priced healthy staples like grains, beans and nuts to a mixed-income neighborhood. We would also like to have more opportunity to source inexpensive healthy food locally and hiring our first employee would allow more flexibility in food sourcing and promoting the business. With our location on a busy state highway we see offering "Made in Arkansas" goods to both tourists and locals as a primary source of revenue. Our customers reflect the neighborhood's diversity and individualism, and Park Island Market and Cafe is quickly becoming a hub and source of pride for the community.

What is the purpose of this loan?

The loan amount would be spent on expanding our grocery selection to fill our shelves, specifically bulk food bins. The major expense of the bulk food bins is acquiring the bins and initial product. We would also spend the loan amount on hiring a first employee, especially because my partner and I are working 7 days a week for over 12 hours a day between running the market and the small inn that we own with no official employees. The impact of the loan would be immediate to a community that has no reasonably-priced bulk food options. The loan amount would also have a direct impact on our life in allowing us some flexible time for administrative and accounting needs and the sourcing of new product.

Joseph's loan is endorsed by Kay Brockwell. The information below explains why his trustee thinks Joseph is a great candidate for a Kiva Zip loan.
How long have you known this person?

1 year - 3 years

Tell us about your relationship with this borrower.

I came to know Joseph as a waiter/maitre'd/bartender at a local restaurant that I frequent. I stopped in at a small, new market and cafe next door to the restaurant, only to find that Joseph had opened it. Then I learned he has owned the motel and historic house next door for three years.

Tell us about this borrower's personality and character, and why you are endorsing him or her for a Kiva Zip loan.

Joseph is friendly and outgoing, and is dedicated to improving the slowly gentrifying neighborhood in which he lives and works. His home, his businesses, and his place of employment are all within 1,000 feet of each other, and he is passionate about improving the area.

Tell us about this borrower's business, and why you believe a Kiva Zip loan will contribute to his or her success.

Park Island Market, Cafe and Organics is a coffee and pastry shop that also offers soups and sandwiches, as well as a small selection of groceries and the only fresh produce available daily in the downtown area. Since he is starting this business out of his own pocket, he can only build inventory a little at a time. A Kiva Zip loan will enable him to broaden his inventory.

64 Total
Img_1467
San Francisco, CA
16096_10152298172015414_25796403_n
San Francisco, CA
Pic
New York, NY
Photo_15
San Diego, CA
Www_232902
San Jose, CA
Picture0003
Wills Point, TX
Thumb_image_missing
Img_0273
Casa Grande/Pinal County, AZ
Img_0202
Pittsburgh, PA
Capitalone
McLean, VA
Www_765536
Maumelle, AR
49f45ad9-fedb-46b8-a18a-f5965aa35f12_zps2784a07e
Hot Springs, AR
Me2012_ii
Mississippi County, AR
Www_1302559
Richmond, VA
Www_238222
Thumb_image_missing
Zoetermeer, Netherlands
Suegrady
Www_139961
Encinitas, CA
Willocheerfulcrop
Seattle, WA
Www_415256
Leesburg, VA
Thumb_image_missing
Wellanthropy
Hot Springs National Park, AR
Www_108484
Benton, AR
100_4607
Wickliffe, OH
Thumb_image_missing
Little Rock/Pulaski, AR
T_e2
Pittsburgh, PA
Moi-27-07-2011
Montréal, Canada
Www_1062118
Melbourne, Australia
076
Melbourne, Australia
Thumb_image_missing
Thumb_image_missing
Phoenix, AZ
Www_535201
Edmonton, Canada
Smug_logo1
Belgium
Www_81175
Minneapolis, MN
Thumb_image_missing
Mountain View, CA
Www_135573
Www_1095651
Brooklyn, NY
Loading comments...
PAYING BACK

A loan of $5,000 helps me to hire a new employee and buy bins for bulk food and expand the product of our grocery store.

Disbursed May 28, 2013
Repayment Term:
24 monthly payments
Grace Period:
N/A
Listed:
Mar 14, 2013
Disbursed:
May 28, 2013
Paying Back:
May 29, 2013

About Park Island Market and Cafe

Industry:
Retail - General
Years in Operation:
<6 months
Website:
parkislandmarket.com
Follow:
Facebook
Badges:
None

What are Borrower Badges?

Borrower Badges are a system designed to recognize and reward borrowers’ engagement with the Kiva Zip website.

There are two types of badges that are tiered like medals: Gold, Silver and Bronze.

  1. 'Repayment badges' are awarded for the on-time repayment of loans.
  2. 'Connectedness badges' are awarded for engagement with the Kiva Zip website.

This loan is endorsed by

Trustee Type:
Individual
Location:
Hot Springs, Garland County, AR
Badges:
Badge_repayment_bronze_small
On Zip Since:
Mar 14, 2013
(13 months)
Loans Endorsed:
2
Total Value:
$10,000
Fundraising/Raised:
0
Paying on Time:
Not enough data
Paying Back Late:
Not enough data
Repaid in Full:
0
Defaulted:
0
Repayment Rate:
93%
Why are you endorsing Joseph?

Joseph is friendly and outgoing, and is dedicated to improving the slowly gentrifying neighborhood in which he lives and works. His home, his businesses, and his place of employment are all within 1,000 feet of each other, and he is passionate about improving the area.

What are Trustee Badges?

Trustee Badges are a system designed to recognize and reward trustees’ engagement with the Kiva Zip website.

There are two types of badges that are tiered like medals: Gold, Silver and Bronze.

  1. 'Repayment badges' are awarded for the on-time repayment of loans.
  2. 'Connectedness badges' are awarded for engagement with the Kiva Zip website.
Innovations in person-to-person lending © 2005 - 2012 Kiva. All rights reserved. Kiva is a U.S. 501(c)3 non-profit organization.