Check out some available loans that are similar to this one!
In a warehouse in Memphis, Tenn., Beverly runs a business where she mainly bottles hair care products and distributes them to local salons. Before she decided to become an entrepreneur and have her husband financially invest in the creation of E&R Wholesale, Beverly worked nine years for another wholesale company and realized she could do the same work on her own for a larger profit.

Her short-term plans are to expand her business enough to manufacture and sell to wholesalers, and later, hire employees to manufacture and sell. But currently, Beverly works with two full-time employees and one part-time worker, replacing raw materials needed to distribute her inventory to as many salons as possible. She even began selling body oils to salons, which complements her business. In the photo, she is packing body oils and standing in front of machinery that has manufacturing capabilities.

Once Beverly learned about nonprofit microlender Accion Tennessee, she decided to venture to them for a loan. Quickly approved, Beverly saved herself from dipping into business funds, which helped her keep operational capital for future use. Beverly says without the loan, she would have to reduce the amount of work she can complete – even decline some orders – which would ultimately decrease her business income.

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
  • 14
    View loans »
    United States Loans Fundraising
  • $12,447,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $5,450 helped Beverly to replace raw materials needed and distribute her inventory to as many salons as possible.
Repayment Term
32 months (Additional Information)
Repayment Schedule
Aug 2, 2013
Sep 3, 2013
Currency Exchange Loss:
Oct 3, 2013