A loan of $4,000 helped equipment for masonry.

Rildo's story

Rildo learned the craft of masonry in 2002 as an employee of a friend. A fast learner, he quickly began to notice all the possibilities for this type of service in Massachusetts and in 2005 started working for himself. His most difficult challenge was the language.

"I was not fluent in English, and I still am not yet, but it was much worse in the beginning. I had to pay someone to translate everything for me. I overcame this language barrier because my clients saw the perfection of my work and they were very happy with it."

"This is my 4th loan with AUSA. I used my 2 first loans to start building my credit in the US and the 2 most recent loans I used to purchase new equipment for my business. I used credit cards to purchase supplies, but I try to pay the full balance every month to avoid paying the high interest they charge. I read about ACCION USA in a local Brazilian paper. For now I am just focused on expanding my business, but I wish to save and buy a house for my retirement."

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 10 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.

Loan details

Lenders and lending teams

Loan details