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Marsha is a professional salon-products distributor. She started her business in 2007 when she completed cosmetology school and was working with a small client base. Becoming a products distributor to professional salons allowed her the opportunity to increase her income and network with more experienced salon professionals.

One of Marsha’s greatest successes in running her business has been to offer educational classes for cosmetologists. She says “For knowledge truly is power. By sharing knowledge, I not only help other professionals improve their businesses but improve mine as well.”

One of Marsha’s biggest challenges has been to obtain the resources to increase her inventory in order to provide products on a larger scale. She realizes any business that cannot keep up with the demand for their product will ultimately lose the sale to another company. She explains “Hair stylists need products on a daily basis and I realize that if I didn't have the product, they would have no choice but to shop elsewhere.”

Marsha will be using this loan will to purchase additional inventory along with an inventory/accounting software package.

For the future she is working towards developing a website for her retail products and an actual storefront away from her home.

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.

About United States

  • $54,800
    Average annual income
  • 14
    View loans »
    United States Loans Fundraising
  • $12,447,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $5,275 helped Marsha to buy new inventory and a software package.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 29, 2010
Apr 27, 2010
Currency Exchange Loss:
Apr 15, 2012