Latinas in Georgia are the fastest growing segment opening businesses in the country, yet the large majority are sole proprietors. Funding is a huge barrier to growth and development. Seed funding is allocated to micro entrepreneurs already working with one of our nonprofit partners.
Throughout the world, different micro-lending programs have shown that investing in women provides the best ROI. Out of 1 dollar, women reinvest $0.90 in their families and businesses.
Our seed funding, allows Latinx micro-entrepreneurs to pay for incorporation and to purchase basic materials and equipment so they can start a commercial activity and over time, build credit and access other financial instruments such as CDFI’s loans.
Seed capital grants range between $250-$1,000 per entrepreneur. The micro-entrepreneur agrees to report and provide receipts for the expenses covered by the grant and check in with us at 6 months and at 1 year.
Contact us if interested in matching funds, providing a grant or supporting this effort
Grantees include Marcela Cortes (Luvaboo), Elena Carné (Tepuy Activewear), Pablo’s Bakery, Viva Greetings, RapiFast, Yehimi Cambron LLC.
