A loan of $10,000 helped to purchase a new computor and toys and for marketing.

Melody's story

In a big city like New York it can be very difficult to find a babysitter; people generally rely on word of mouth. With her entrepreneurial spirit, Melody saw an unfilled need and decided to launch a babysitting placement service in April, 2008.

Melody's business has brought independence to her life. The flexibility of being her own boss allows her to still continue her career as a singer and performer in New York City and spend more time with her son.

Melody found traditional bank loans too costly and difficult to acquire. She was recommended to ACCION USA for an affordable, small business loan. Melody will use her ACCION USA loan to purchase another computer for her growing staff, to provide age-appropriate toys for babysitters, and to ramp up her promotional efforts. Her vision is to expand her babysitting service; therefore, creating more jobs and at the same time raising awareness on the importance of child development.

About U.S. Microfinance and ACCION USA
Have you ever thought about how the new café on your corner and the delivery service that brings the fresh baked goods acquired 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 the 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 provide 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