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Henry
Originally from Nigeria, Henry moved to Houston and began his mail assistance business, Elnegy, LLC. He operates the business with the help of one full-time and one part-time employee. It has been open for four years and is an authorized shipper for the United States Postal Service, DHL, and FedEx and offers dozens of different services.

With more than 50 box sizes on hand, Elnegy takes care of every shape and size package for foreign and domestic shipping. Henry offers overnight, two- or three-day delivery, ground shipping, and first class, express, international, certified, bulk and priority mail services. Elengy also provides stamps.

Henry, however, doesn’t restrict his services to simply shipping. He offers printing, too. Whether a customer needs black and white or color, letter, legal or ledger size, binding, laminating or collating, digital or self-service - or even blueprints - Henry can help his customers in every way.

A detailed listing of all of his services is on his website: www.elnegybusiness.com/. And though he uses the site as a primary form of advertising, Henry knew he needed to diversify his marketing. After he learned of Accion Texas Inc. from one of his customers, Henry decided to venture to the microlender for a loan.

The 42-year-old says he plans to expand his business by adding two employees in the future, but is taking needed steps to grow Elnegy. He is using his Accion loan to fund further marketing and advertising. He also says with Accion’s loan, he will be able to increase revenues and sustain jobs.

Additional Information

About LiftFund

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.

About United States

  • $47,000
    Average annual income
  • 33
    View loans »
    United States Loans Fundraising
  • $11,840,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $5,300 helped Henry to pay for marketing and advertising.
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 28, 2013
Listed
Jun 30, 2013
Currency Exchange Loss:
N/A
Expired:
Jul 30, 2013