WorldTop StoryTop StoryLatest News
Eva Longoria Foundation's Loan Fund Grows to $525,000, Supporting Latina Entrepreneurs
Sentiment: PositiveHigh Priority
What Happened?
The Eva Longoria Foundation and Accessity's loan fund, initiated in 2013 with $55,000, has expanded to nearly $525,000, aiding 150 jobs for Latina entrepreneurs in Southern California.
Key points
- The loan fund started with $55,000 to assist six Latina entrepreneurs.
- It has since facilitated 65 loans totaling nearly $525,000.
- The partnership will receive a $500,000 grant for further expansion.
- The fund aims to increase to $415,000 by the end of the grant period.
- Spanish-language training and resources will be provided to participants.
- Cinthya Salas, a program graduate, expanded her food business significantly.
Key insights
- The grant could significantly enhance business training for Latina entrepreneurs.
- Increased funding may lead to more job creation in the local economy.
- The program's success highlights the importance of targeted financial support for marginalized groups.
Why it matters
This initiative supports the growing number of Latina entrepreneurs, helping them access vital resources and funding.
Tags
Entities
Eva Longoria Foundation· OrganizationAccessity· OrganizationCinthya Salas· PersonSouthern California· Location
Source
Times of India
