The biggest challenge to opening Lilyluv Boutique was getting funded. Lily used all of her own savings to establish the business. When denied for a conventional bank loan, Lily felt that she was not taken seriously because she is a young woman. The discouragement did not hamper Lily; her determination to prove to herself that she could be successful, as well as a Kiva loan from Working Solutions, propelled her forward. She hopes her boutique inspires other young women to “follow their dreams, follow their passions” despite the odds against them.
This loan will enable Lily to purchase the inventory she needs to grow the boutique and online store, purchase store furniture, and further promote her business.
For more information on Lilyluv, visit the website at www.shoplilyluv.com, the Facebook page at https://www.facebook.com/Lilyluvboutique?fref=ts, or on Instagram at http://instagram.com/lilyluvboutique.
More information about this loan
This loan has been made in collaboration with CAMEO(California Association for Micro Enterprise Opportunity) in order to build microlending capacity in California. In this partnership, CAMEO serves to support California microlenders, such as Fresno CDFI, throughout its partnership with Kiva. CAMEO’s mission is to grow a healthy, vibrant, thriving environment for all entrepreneurs and start-up businesses by advancing the work of its statewide member network.
About Working SolutionsWorking Solutions is a nonprofit organization committed to serving new and existing businesses in the San Francisco Bay Area by providing microloans, technical assistance, referrals for local resources, and educational workshops on access to capital.
Kiva is helping Working Solutions to bring domestic microfinance to the next level of development in the Bay Area. With Kiva lenders’ help, Working Solutions will be able to expand its lending program to a larger group of borrowers and begin accepting applicants that would have otherwise not been served due to funding constraints.
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