Total loan: $10,000
Bronx, New York, NY, United States / Retail
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A loan helped A key making machine and other tools.
Sonia began her business for the same reason that many other entrepreneurs do: to be her own boss. Recognizing the need for a hardware store in their neighborhood, she and her husband decided to make a dream a reality. In the year and a half that Sonia and her husband have owned their own business, they have learned that it is a time-consuming and demanding endeavor. They still appreciate the flexibility it allows. With a loan from ACCION USA, they will be able to acquire working capital and buy inventory for the store. They will purchase a key-making machine, supplies, tiles, and drills. Sonia splits her time between the store and her job in pharmaceuticals, and will continue to do so until the family business is able to generate greater profit. Fortunately their 9-year-old son is able to offer a helping hand on occasion. Looking to the future, Sonia and her husband plan to continue growing their business and hope to someday be able to hire additional employees.