Total loan: $5,250
New York City, New York, NY, United States / Services
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A loan helped to pay for salon renovations.
When Rosaura opened her salon in Crown Heights, it was the only business on the block. She took a chance, but was confident that her 20 years of experience styling hair in the Dominican Republic and Brooklyn would draw customers to her business. And with four children to support, she was determined to make her business a success. It wasn’t easy: “I knew how I wanted to treat my customers but I needed to learn how to run my business.” Her business success has fostered economic growth in her neighborhood. She provides good-paying jobs to four women. And it doesn’t stop there. Seeing the success of Rosaura’s salon, several other businesses have opened on her block. Rosaura has played a key role in the revitalization of her neighborhood and it’s been recognized by the City. Last year, on her salon’s first year anniversary, the City presented Rosaura an award thanking her for creating employment opportunities for women. “I love serving my community. I wish I could do more.” Rosaura recently celebrated the two-year anniversary of her salon and would like to make some upgrades to accommodate different client needs. For instance, she has created a special section in her salon to provide privacy for her many Muslim women clients who live in the neighborhood. Rosaura will use this loan to make renovations to her salon and looks forward to enhancing the experience of her clients.