Microfinance Success Stories : Microentrepreneur Profiles : ACCION USA

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Microloan Recipients: Local Success Stories

There are over 22 million businesses owned by microentrepreneurs in the United States—an average of 1.8 per square mile. A small American city could have hundreds, and large metropolises could have hundreds of thousands.

Chances are that you meet many microentrepreneurs each and every day. They’re the barber next door. The florist on your corner, and the owner of your favorite restaurant. Now, meet the microentrepreneurs that are succeeding with the support of ACCION USA.

Massachusetts

After settling in Fitchburg, Massachusetts
over 10 years ago, Rebecca turned her passion into a second source of income for her family of six, opening “Little Blessings Daycare” in 2005 in her home...

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Georgia

Peter Nwachukwu's original plan for coming to the U.S. was to study hard, get a degree, and return home to Nigeria to find a job. Twenty-six years later, Peter is living the American Dream...

New York

Monica Gonzalez gave up her career in Venezuela when she moved to the U.S. in 2001 to build a better life with more opportunities for her children. Speaking very little English, she knew she would not be able to find work in the U.S. easily...

Florida

Carlos Costa has been a lifelong entrepreneur. Together, Carlos and his son opened “Costa Group Corporation,” a trucking and delivery company in North Lauderdale, Florida, with a single contract and three employees...

Microloan Impact

Each microloan that ACCION USA provides:

Creates or retains 2.4 jobs, primarily in low-to moderate-income communities.

Allows the borrower to increase his or her income an average of 18% and create a living wage, rather than a minimum wage.

Helps build a sustainable business: 98% of ACCION USA borrowers are still in business one year post-loan.