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Sep 13, 2016 4:29 EST

Edwina Arenas – Capitol Kettle Corn & Popcorn Inc: A loan helps a family in Washington DC growing their local popcorn business

iCrowdNewswire - Sep 13, 2016

Edwina Arenas

United States
 
Washington, DC, United States /Food Production/Sales
 
Borrower image
 

Edwina Arenas’s story

I was born in Tampa, Florida. My parents worked hard so my siblings and I were put in a safe & healthy environment that taught us to respect, love and care for others. While in Alaska I met my husband moved to Maryland and started a family. We always wanted to start a business but as with most who want to start a business, nothing ever “moved us”. When we started this business we saw a way to have fun, make a honest living, provide for the kids, and hopefully pass on the success and allow them to learn how to contribute and be part of something great. 

This loan is special because:

It helps a family in Washington DC growing their local popcorn business

Kiva staff

More about this loan

Business Description

Capitol Kettle Corn has been selling popcorn and kettle corn for over 6 years. We started doing this by seeing it at a sporting event and trying it at a flee market on Saturdays. We saw success as a hobby and decided to continue as a full service business and have grown to 2 successful farmers markets and over 15 festivals annually for the past 3 years. The challenge has been moving forward to the next stage of Wholesale & Retail. About 50% of our customers are farmers market regulars, 45% festival attendees, and 5% are kiosk/online sales. The future mile stones we strive for are to establish a solid wholesale and retail presence in the Maryland/DC/VA area, open a brick & mortar, move into the national/international sales, franchise, and pass the success to grandchildren. I am most proud of still being in business and learning why you must do your do diligence to make every effort to succeed at something you love to do.

What is the purpose of this loan?

Assist in paying for Equipment (Kettle, Caramelizer) estimated cost $12K. We project an increased revenue by 75% and profit of 45%. The loan will alleviate the use of upfront personal funds that would take up to three years to save. We are in negotiations with an upscale retailer that wants to sell our products in locations in Maryland, DC, Virginia and PA. There customers include over 80% of national and international visitors year round. The loan will impact my business by affording me an opportunity to move forward creating a successful business that can create jobs. This loan will also impact my family life by allowing me to introduce my 3 girls to what it takes to start, sustain, succeed at being an owner of business.

About Capitol Kettle Corn & Popcorn Inc.

Industry: Food
Years in operation: 1 year – 3 years
Website: capitolkettlecorn.com

A loan of $5,000 helps pay for equipment & product overhead, increase our branding, and move our business forward in the wholesale and retail markets.

Contact Information:

Edwina Arenas

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