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Maria’s high-interest loans were hindering the growth of her business. She has been in business for herself for more than six years and has a staff of four employees. "B&J Cuts and Fades" offers professional haircuts for both men and women.

Maria fell into a trap that has hurt many other people – she borrowed money from predatory lenders that charged her interest rates as high as 180 percent annually. Her business began to suffer due to these high interest rates. She was making payments on the interest and not making a dent on her principal. She couldn’t invest in her business. But all this was about to change – once a local bank referred her to ACCION Texas Inc. The loan she received from ACCION enabled Maria to refinance her debt and use the extra cash flow to invest into her business.

Maria focuses more on her clients now and on getting new business and making improvements within her shop. The stress of high-interest loans are behind her now. Maria also was able to educate herself about credit history and keeping financial reports with the help of ACCION. Her plans are to continue offering great customer service and haircuts to her customers. She has all her focus on her salon and is ready for the future.

Additional Information

About LiftFund

LiftFund. ( 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

About United States

  • $54,800
    Average annual income
  • 18
    View loans »
    United States Loans Fundraising
  • $12,452,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $5,450 helped Maria to refinance a loan, advertise and purchase supplies.
100% repaid
Repayment Term
31 months (Additional Information)
Repayment Schedule
May 4, 2013
May 16, 2013
Currency Exchange Loss:
Apr 1, 2014