Total loan: $1,500


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New York City, New York, NY, United States / Retail

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A loan helped To buy pigments for permanent makeup.

Bibiana's story

Bibiana is a long-time business woman. She has been working in the beauty industry since she was 18 years old. In Columbia, where she immigrated from 8 years ago, she used the money she saved to open her own beauty salon. Six years ago, Bibiana decided to try her hand at a business in New York City. While working as a hair stylist, she began to sell perfumes and jewelry to some of her clients.

She first went to a bank to get the money she needed to start her business, but was turned away because of a lack of prior credit history. She came to ACCION USA, and because she was able to demonstrate a business cash flow, such as $3,000 from merchandise that she sold at Christmas time last year, she was approved for a small loan to purchase inventory.

With her new loan from ACCION USA, Bibiana is purchasing color pigments for applying permanent make-up to her clients. Each color pigment costs about $60 dollars. Although Bibiana continues to work as a hair stylist, her small business helps to increase her income. With this income, she has hopes to open her own store someday. Bibiana calls herself “happily divorced.” She is a single woman with an 18-year-old daughter who is optimistic about the life she can create for herself.