Fourteen years ago, Dora moved from Mexico to Queens to start a new life in the United States. Wanting to build her financial independence, she started a business selling perfume, jewelry and cosmetics. Now, she is able to put part of the income she earns towards her savings, therefore building her assets.
Dora heard about the availability of microloans from a friend who had borrowed from ACCION USA. Since then, she has taken out a few loans with ACCION USA. She says she feels more secure knowing that microloans are an option available to her – a much more affordable one than the credit cards she once used. She will use this loan to invest in new products for her beauty supply business, buying special brands requested by her customers.
Since she has been able to get loans from ACCION USA, she’s sold more products, and she dreams of expanding her business to other states. She says that if she couldn’t get a loan, she would keep on struggling to maintain her business, but the extra capital gives her some ease and flexibility managing the business, and is helping her to expand.