Alejandro: Jewelry Business
Business: Independent Jewelry Sales|
Loan Request: $2,042.54
Alejandro sells Italian jewelry to clients in New York City. He travels throughout the city to doctors' offices, hospitals, private offices and other establishments where he has built up a loyal client base.
When he first began his business, he borrowed money from friends to build up his inventory. He once tried to get a loan from a bank but was turned away and hasn't returned since. With his loan he will purchase more inventory: chains, bracelets, pendants and watches, and some precious stones.
Segundo: Taxi Driver
Business: Taxi Driver|
Loan Request: $3,000.00
Segundo has been a taxi driver in the Big Apple for almost two decades. Segundo says the key to his business is to have all licensing papers, follow transit norms and, most importantly, avoid accidents. Segundo is married and has five children.
The next road Segundo plans on taking is the one leading to his own taxi base. He would like to get his own cars in his own base and partner with his oldest son in the business.
Nancy: Taxi Driver
Business: Taxi Driver|
Loan Request: $2,800.00: FULFILLED
Nancy has been a taxi driver for five years. After getting laid off from her job in the cleaining department in the World Trade Center, a friend gave her the idea to become a taxi driver.
Micro-loans would help her to drive her own car rather than renting one. Nancy is a single mother of two daughters.
Jorge: Event Planning
Business: Event Planning|
Loan Request: $4,800
Jorge owns a business in New Jersey that organizes social and commercial events, such as graduations, marriages, birthdays, baptisms and musical events.
The biggest hurdle for his business has been accessing working capital and building up his credit. He hopes to expand, and at age 60, he is looking to the future of his business. He hopes to integrate his wife and two sons into the operations in order to create a lasting legacy.
Anibal: Painting and Tile Business
Business: Painting and Tile Business|
Loan Request: $6,644
At age 63, Anibal Rendon has just as much, or maybe more, energy than the characteristically young people who work in his business. He owns a decorative painting, paper hanging and ceramic tile installation operation. He began work in this industry 20 years ago working for various construction companies and landlords. In 1998, after 10 years of working for others, he set off on his own and has built a steady business for himself.
Today, Anibal's business provides an income and the ability to enjoy time with his wife, three children and two grandchildren. He hopes to purchase a tile cutter and upgrade other equipment for his business.
Hardyal: Recycling Business
Business: Recycling Business|
Loan Request: $6,000
Hardyal recently started a recycling business that exports scrap metal to India. There is a high surplus of scrap metal in the U.S. and a high demand for scrap metal to be used for construction in India.