Micro Loan Program Expansion Will Support Latina Entrepreneurs

The Latin American Association (LAA) and the Community Foundation for Northeast Georgia have partnered to support Latina entrepreneurs through a $100,000 investment from the Foundation’s Impact Investment Fund. This funding will enhance LAA’s Avanzando Juntas initiative, providing loans of up to $10,000 to help Latinas establish women-owned businesses. DePriest Waddy, CEO of the Community Foundation, stated that the goal is to empower Latina entrepreneurs and drive meaningful community change.

For over a decade, LAA has supported small business owners with micro loans, and this new funding aims to further economic development in underserved areas. Santiago Marquez, CEO of LAA, emphasized the partnership’s commitment to fostering economic growth and supporting aspiring entrepreneurs. This collaboration moves LAA closer to becoming a certified Community Development Financial Institution, reinforcing its role in economic development for underserved communities.

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