When Laura M.’ children were old enough to go to school, Laura was ready to begin working and start her own tortilla-making business. Laura and her husband started La Milpa Tortilleria in 1998 and they have since hired two employees, bought a house and put two children through college.
This is Laura’s third loan with ACCION Texas-Louisiana. Her first two loans were for machinery and capital. She plans on opening another location with this loan and buying all the necessary equipment to stock the new space. Before Laura found ACCION, she tried desperately to access credit through banks and even tried to refinance her home. Now, she has successfully repaid two ACCION loans, each of which contributed significantly to the growth of La Milpa. Laura’s advice to people who want to start their own businesses is, “Go for it! Starting a business is not an easy task. You have to persevere, do your best, and never give up. It is a hard process and you sacrifice a lot but it is well worth it if it helps you provide a better future for you and your family.”
LiftFund. (www.liftfund.com) is an award-winning nonprofit organization (previously known as Accion Texas) with a mission to provide credit and loans to small and start-up businesses that have limited or no access to credit from commercial sources. Established in 1994 in San Antonio, LiftFund has helped Texas and Louisiana entrepreneurs strengthen their businesses, stabilize and increase their incomes, create employment, and contribute to the economic revitalization of their communities. Learn more at www.liftfund.com.