Total loan: $6,000
Boston, MA, MA, United States / Construction
Flag of United States
Elessandra's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped To buy roofing inventory and to use as working capital.
Originally from Brazil, Elessandra and her husband run a successful construction and roofing business. Having previously owned businesses in their home country of Brazil, Elessandra heard that roofing makes good money so she thought she would give it a try. Like many startup businesses, Elessandra’s encountered some challenges in terms of changes to her business. However after establishing a solid base of clients in the Brazilian community, business began to take off. With her loan from ACCION USA, Elessandra hopes to proviD. a cash cushion for her business. She believes that her employees are top priority. With work being slower in the winter months and some clients taking a bit longer to pay, this loan will give her the ability to keep the business running smoothly. In the future, Elessandra hopes to continue to run a successful, profitable business here in the USA just like the businesses she and her husband started in Brazil before moving here eight years ago. About U.S. Microfinance and ACCION USA: Have you ever thought about how the cute new café on your corner or the salon you frequent every month got the financial resources to start their business? Chances are, they drummed up support from their friends and family, dipped into their personal savings, used a high-interest credit card, or all of the above. An estimated ten million small businesses in the U.S. face difficulty obtaining loans from traditional banks, even prior to the current “credit crisis”. Microfinance institutions, like ACCION USA, support these “unbanked” small businesses by giving them access to fairly-priced capital and business education. Small businesses also help stabilize low- to moderate-income neighborhoods and rebuild our economy through income growth and job creation. Self-employment provides workers with a way to increase their incomes, support their families, and strengthen their communities. As unemployment rises in the U.S., more and more people are turning to self-employment and start-up enterprises as a way to take control of their economic futures and proviD. employment opportunities in their communities. The need for support of small businesses in the U.S. is great, and it is one that ACCION USA has been striving to meet since 1991.