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Ramon is a maintenance worker, but part-time he sells discounted brand-name items. His inventories include perfume, clothing, and watches. He has always liked sales and wants to earn extra income. For three years, Ramon has been selling these brand-name items to family, friends, and his growing clientele. He buys his inventory in bulk so that he can resell them at discounted prices.

With this loan, Ramon will be able to buy more inventories. He will be able to reach out to more customers and further expand his business. He supports himself, his wife, and their two children.

Ramon has had two previous loans from ACCION USA, which helped him get his business started. With his third loan, he plans to add to his inventory and increase sales. In the future, he hopes to open a storefront and maintain a stable business.

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
  • 30
    View loans »
    United States Loans Fundraising
  • $12,223,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,700 helped Ramon to purchase inventory and a laptop.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
May 20, 2010
Jun 18, 2010
Currency Exchange Loss:
Jun 30, 2011