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Joselita
Joselita has owned a Brazilian clothing store for more than five years. She is well known in the Brazilian community and has a good client base. Her son speaks English very well and has helped her improve her business. He assisted her in working with ACCION USA to get a loan.

This will be Joselita’s third loan with ACCION USA. Her previous two loans had an almost perfect repayment history. She qualified for her third loan to buy more inventory for the summer and refinance her previous loan. Her store mainly sells dresses, shirts, jeans, shoes and perfumes. Joselita hopes that during the summer months her sales will increase and she wants to have enough products to meet the demand. Her busiest months have always been during the summer and around the holidays.

ACCION USA’s loans have helped Joselita tremendously in growing her business. Since her first loan in 2007, Joselita has consistently expanded her inventory and clientele. She has always imported most of her products directly from Brazil, which is very appealing to her customers.

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 the 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 proviD. 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

  • $47,000
    Average annual income
  • 17
    View loans »
    United States Loans Fundraising
  • $11,004,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,200 helped Joselita to buy more inventory: shoes, shirts, jeans and perfumes.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 24, 2010
Listed
Jul 3, 2010
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2012