Raquel A. (left), owner of Jessica's boutique, works with her sister Angelica (center) and their mother Raquel R. (right), who all live in the same home under the financial support of Raquel R.’s husband. To help him, they decided to go into business together. Raquel A., with 12 years of retail experience, decided to open her own business and partner with the other two.
Serving Jessica’s boutique, a women’s clothing and accessories store in El Paso, Texas, the three ladies knew with the growth of their business, they needed to obtain working capital.
When Raquel A. ventured to community partner, Project Vida, where she regularly attends monthly business seminars, she was referred to nonprofit microlender Accion Texas Inc.
The loan will provide the women with funds to purchase accessories and clothes for the almost-two-year-old business, located in a busy part of town.
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.