Borrower of the Month: Elizabeth

Elizabeth with her kids at her salon in Queens, NY

Elizabeth is a beautician who lives with her two children in Queens. About a year ago she separated from her husband and had to take time off to care for her children. To make ends meet, Elizabeth used up her saved income lost her chair at her beauty salon.

Since her first loan in 2010, she has invested over $5,000 in the business. Elizabeth paid out of pocket for specialty hair extensions for clients—a market gap yet to be filled. Elizabeth saved $3,500 during this time and hopes to continue to build savings and credit for future investment in a salon of her own.