When Mario first moved to the United States over thirty years ago, he worked in food preparation. After years of working in a freezer he began to have troubles with his hands and the doctor recommended that he find a new way of earning a living. Mario decided to get a commercial driving license and soon started operating his own food transportation business.
Mario has been driving a commercial truck for about twenty-six years. He makes, on average, two long distance trips per week. Because of the high cost of his commercial truck tires, Mario requested a loan from ACCION USA to purchase ten tires to improve the safety of his truck during the harsh winter road conditions. The cost of each tire is around $450.
Mario mentioned that he'd just returned from Houston last week and he will be headed out to Michigan in a few days. He loves his job; it's allowed him to visit many museums across the country, which is one of his favorite hobbies.
About U.S. Microfinance and ACCION USA:
Have you ever thought about how the cute new café on your corner or the salon you frequent every month got the financial resources to start their business? Chances are, they drummed up support from their friends and family, dipped into their personal savings, used a high-interest credit card, or all of the above. An estimated ten million small businesses in the U.S. face difficulty obtaining loans from traditional banks, even prior to the current “credit crisis”. Microfinance institutions, like ACCION USA, support these “unbanked” small businesses by giving them access to fairly-priced capital and business education.
Small businesses also help stabilize low- to moderate-income neighborhoods and rebuild our economy through income growth and job creation. Self-employment provides workers with a way to increase their incomes, support their families, and strengthen their communities. As unemployment rises in the U.S., more and more people are turning to self-employment and start-up enterprises as a way to take control of their economic futures and provide employment opportunities in their communities. The need for support of small businesses in the U.S. is great, and it is one that ACCION USA has been striving to meet since 1991.