Total loan: $5,000
Huntington Park, CA, United States / Food
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A loan helped to purchase a franchise license.
Tutti Frutti Frozen Yogurt is a franchise, with 580 stores currently operating world wide. Luis has been approved as a franchisee, and needs money to purchase the franchise license. Frozen yogurt is making a comeback, after a 10-year slump. Pinkberry started the trend, and today average annual growth in frozen yogurt sales worldwide is $200 million, nearly 10%. More flavors are being offered, and soy-based products are becoming one of the most popular. Tutti Frutti is one of the franchise leaders, and has recently made a commitment to donate 10% of their profits from “green” products to organizations in poor countries who are committed to job creation.