Total loan: $10,000
Miami, Florida, FL, United States / Retail
Angel's loan finished fundraising,
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A loan helped Wholesale electronics stock.
Angel immigrated to the United States seven years ago and today he is a proud business owner. Three years ago when he felt unfilled in his retail job, Angel decided to open his own electronics business. He started with very little capital, making it tough to grow his business at first. When Angel looks back on his first year in business, he remembers the endless amount of work involved and is grateful for where his business is today. Angel’s business has seen much growth and so has his family. He is married with two children ages two and six. Even though business is doing well, Angel explains that things are still tight, especially because of the current recession. No matter what, he says opening his own business was the right decision both personally and professionally. Self-employment and serving his clients has given him a strong sense of honor while creating a legacy for his children. Angel looks forward with determination as he grows a healthy business. Angel started his electronics wholesale business in May 2006, because he wanted to go into business for himself. To start his business, he used credit cards and a loan from family and friends, but he is happy to have found ACCION USA because they offer him credit that is much more affordable and dependable. He says his greatest success has been importing electronics equipment from other countries, like China. He will use part of this loan to purchase 100 cell phones from China. It's important to increase his stock in cutting-edge items that his customers demand. One of his biggest challenges is keeping customers coming back because he has the highest quality electronics.