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 provide 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 gifts range between $250-$500 per entrepreneur. The micro-entrepreneur agrees to report and provide receipts for the expenses covered by the gift.
Member and partner organizations for this fund include ACE Loans and the ACE Women’s Entrepreneurship Center, the Latin American Chamber of Commerce Georgia, the Small Business Development Center, Office of Minority Business and the Georgia Hispanic Chamber of Commerce.
Contact us if interested in matching funds, providing a grant or supporting this effort
2017 Grantees through LACC Georgia and ACE Women’s Business Center include Marcela Cortes (Luvaboo) and Elena Carné (Tepuy Activewear)