Maria Eugenia has received six loans from Grameen America within three years, totaling $27,500 (1st loan $3000, 2nd $1500, 3rd $4000, 4th $5000, 5thloan $7000, 6th loan $7000).
Maria sells shoes as part of her hair salon business in Elmhurst, Queens. This is a space that she rents and has running capital of $20,000 in merchandise and equipment. Maria has been able to maintain the business and establish a healthy savings of $4500 at Citibank from the earnings made through shoe sales and salon clients. The earnings have also allowed her to pay for one employee making her business a contributing factor to the local workforce.
Through Grameen America, Maria has a solid running capital that produces an estimated $1000 per week to cover personal expenses, continued savings, and to help her daughter with approx. $5000 for her own business.