A loan of $3,300 helped to purchase inventory to sell at "Carnaval" in Miami.


Pedro's story

Through his artisanal jewelry and religious articles, Pedro has fostered a sense of heritage and community in Miami, bringing together art, beauty and a distinctive Latin American flair. Originally from Colombia, Pedro began selling artisanal jewelry in Miami eight years ago when he noticed that items popular in Colombia were not necessarily being sold in the US. His biggest niche market has become national identification bracelets, which show the colors of a person’s nationality in their own individual style. Indeed, his greatest success is in the unique detail and style of his jewelry line. This is Pedro’s second loan with ACCION USA. He will be purchasing more inventory in preparation for "Carnaval de la Calle 8" in Miami. Like he says, Carnaval is incredibly popular and his jewelry sells like ‘hot bread’. Moving forward, Pedro wants to continue to expand his jewelry, which is already extended up the East Coast. His ultimate goal is to continue his success for both his family and business while bringing a little bit of Latin American culture to the US. About U.S. Microfinance and ACCION USA: 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. 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.


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Loan details