A loan of $9,575 helped to hire additional employees.

Darnell's story

Some people can see the future clearly through a cloudy, chaotic present. That describes our client Darnell. In the midst of the country's financial situation in early 2008, Darnell saw an opportunity to help others move ahead of chaos and began his business consulting practice.

As a consultant to small businesses, Darnell’s advice has helped turn businesses around – instead of losing money, businesses become profitable. What is most important to him about his work is that these businesses can keep people from losing their jobs and even generate more jobs. While Darnell certainly enjoys getting paid to help small business owners improve their companies, helping employees keep their jobs is, in many ways, even better.

Darnell is also helping his clients’ businesses become socially responsible by “greening” their practices and missions. He helps the less-advantaged parts of his community through donating "pro bono" (without charge) consulting services. He feels that the education his company imparts to others through its consulting is a worthwhile, meaningful contribution to his community.

Darnell will use his ACCION USA loan to hire additional employees, expanding his current staff of five. So many clients have been happy with his services, and have referred other clients to Darnell, that he is now able to grow his business. So while helping other companies grow and expand, Darnell gets to do the same.

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.

Loan details

Lenders and lending teams

Loan details