As someone who has always enjoyed fashion, Magaly, a Venezuela native, decided to start her own fashion sales business in 2006.
Magaly has worked hard and sacrificed to get through the recent tough economic times. "I hope ACCION USA realizes how hard I worked to make my business a success," she told us. "Many of my clients have gone out of business, but I'm still here." She's negotiated better deals on the clothing she buys wholesale, pounded the pavement to find new clients, and made sure to keep her current clients happy. Her business has survived and is now ready to grow.
In order to qualify for lower prices, Magaly now has to place larger orders with her suppliers. To finance these larger orders, she needed extra capital. Fortunately, she qualified for a loan from ACCION USA. Using the proceeds of her loan will not only save her money, but it will allow her to offer her clients a wider range of sizes, expanding her business.