Supports: Bright Futures
Business Loan for a Young Entrepreneur
Bright Futures is an economic empowerment group for young women aimed at helping members become financially independent. Activities are developed and implemented by the members themselves and are communal in nature, with all members participating and benefiting. Group members with existing small businesses or viable business ideas are encouraged to apply for loan funding from the program in order to expand or start their own small business. Loan request amounts vary but are, on average, about $200. Loans are repaid to the group without interest and after successful repayment, members are eligible for continuing loans of larger amounts.
This donation will be used toward providing a business startup or expansion loan to a young woman entrepreneur.