With this $10,000 loan, Zonia will make needed repairs to her home so that it complies properly with city codes and meets the standards required to hold a child care provider license.
Silvia: Grandma's Family Day Care
Business: Grandma's Family Day Care|
Loan Request: $10,000
Silvia has been providing high quality child care services in her Pacifica, Calif., home for 12 years. She started by caring for her granddaughter, and the business grew from there. She has a license to serve up to 14 children, who call her "abuela," which is Spanish for "grandma." With a $10,000 loan, Silvia can build an outdoor storage shed that would allow her to stop paying $200 a month to rent one. This investment will also enable Silvia to upgrade outdoor areas to provide adequate play space for children.
Serena: Serene Fitness
Business: Serene Fitness|
Loan Request: $5,000
Serena, a single mother with a teenage son, is a dynamic fitness instructor and personal trainer at the Heptagon Gym in Mountain View, Calif. She has taught aerobics and yoga classes for several years, and she started personal training two years ago while studying biology at San Jose State University. Now she wants to complete additional training so she can offer more services to her clients.
With a $5,000 loan, Serena can complete a higher level certification in sports fitness, which will allow her to serve her clients better and help them reach their personal fitness goals.
Mark: Urban Digital
Loan Request: $7,000
For 15 years, Mark worked in architecture offices as a graphic designer, producing Web sites and scale images of architecture projects. He liked the work, but the jobs were inconsistent and there were long dry spells that were difficult to manage. Mark knew that he could do it better as his own boss, so in late 2008 he decided to start his company, Urban Digital.
Urban Digital specializes in marketing and visual tools for builders and architect engineers. With a degree in architecture and many years of experience, Mark is an expert at producing technical images, Web sites, marketing kiosks and other materials that architects need. But getting started is hard, especially given the high upfront cost of all the hardware and technical software he needs. With a $7,000 loan, Mark will be able to make these purchases.
Mark is saving money right now by running the business out of his home. But his goal is to bring in enough clients that he can hire employees and establish a real office.
Massandjie: Beauty Salon
Business: Beauty Salon|
Massandjie, a single mother of three, has owned her own beauty salon since 1999. She learned how to braid hair from family members in Africa and later went to school to obtain formal training. Her work has inspired many of her younger family members to pursue the profession.
She was successful with a small loan through ACCION USA to build her credit, and she's now using a new loan to purchase more inventory. She hopes to expand her business and would even like to open a second location.